Arrears clearance meets September target, unlocks latest tranche

EconomyProgramme Tags: Arrears, EC
Photo by Sebastien Bertrand via Flickr https://flic.kr/p/7ZRenG
Photo by Sebastien Bertrand via Flickr https://flic.kr/p/7ZRenG

The European Commission (EC) published a note for the Eurogroup Working Group on Tuesday regarding the monitoring of net arrears clearance in the July-September period.

Its positive assessment paved the way for a decision by the Board of Directors of the European Stability Mechanism (ESM) earlier today on the disbursement of 1.7 billion dedicated for arrears clearance.

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