ESM approves next bailout tranche, providing Athens with some relief

PoliticsGreek Politics Tags: ESM, New Democracy, SYRIZA
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

The European Stability Mechanism’s board of directors approved on Friday the 8.5-billion-euro bailout tranche for Greece, ending concern in Athens of another agonising delay before funds would be released.

A meeting of the ESM’s board of governors on Wednesday did not result in the green light being given for the transfer. There had been reports in the Greek media that the decision would be deferred until the following week but Finance Minister Euclid Tsa...

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