Eurogroup clears 1.1 bln, waits for arrears clearance data to release remaining 1.7 bln

EconomyProgramme Tags: Eurogroup

The Eurogroup held in Luxembourg on Monday afternoon reached a political decision on the disbursement of 1.1 billion euros to Greece, which is the part of the sub-tranche of 2.8 billion that was subject to milestones.

The Eurogroup statement noted that the 15 prior actions were implemented paving the way for the disbursement of the 1.1 billion for debt servicing needs.

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