Eurogroup sets up completion of third review, plans for programme's end

EconomyProgramme Tags: ESM, Eurogroup

The Eurogroup reached on Monday what its new president, Portugal’s Mario Centeno, called a “political agreement” regarding the conclusion of Greece’s third review and the next loan disbursements for Athens.

Funds reaching 6.7 billion euros are to be disbursed in two instalments. The first tranche, totalling 5.7 billion euros, will be to “cover debt servicing needs, to allow the further clearance of arrears and to support the build-up of the cash buffer of ...

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