Eurogroup clears next bailout tranches for Greece, sets new goals

EconomyProgramme Tags: Eurogroup

As expected, the informal Eurogroup held in Athens on Tuesday approved the next European Financial Stability Facility (EFSF) instalment of 8.3 billion euros subject to the full implementation of prior actions and agreed milestones. The approval comes after the Greek Parliament narrowly approved the multi-bill on Sunday evening.

The instalment is due to be disbursed in three tranches. The first tranche amounting to 6.3 billion is expected to be approved by the Euro Working Group and the EFSF Board of Directors, subject to full implementation of prior actions and parliamentary a...

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