Greece, lenders reach deal to secure bailout sub-tranche and bank recap funds

Photo by MacroPolis
Photo by MacroPolis

After discussions with Greece’s lenders throughout the day on Monday, Finance Minister Euclid Tsakalotos told reporters after midnight that the government had reached an agreement with the quadriga mission chiefs on all issues related to the prior actions for the disbursement of the next sub-tranche of 2 billion euros.

This would also unlock the transfer to the Hellenic Financial Stability Fund (HFSF) of the 10 billion euros earmarked for bank recapitalisation.

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