Germany expected to recommend release of aid tranche to Greece

TAGS: Economy, Politics

The German government will recommend that the European Stability Mechanism (ESM) rescue fund releases the next tranche of aid to Greece, according to a letter from Deputy Finance Minister Jens Spahn to the budget committee seen by Reuters on Wednesday.

The budget committee will discuss the release of 10.3 billion euros ($11.7 billion) in credit later on Wednesday.

Last week Greek lawmakers approved a set of extra measures demanded by international lenders to receive further bailout funds and cheap bank funding from the European Central Bank. [Reuters]