Sunday April 26, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greece to get next bailout loan in three parts, finance ministers decide

By Elena Becatoros & Derek Gatopoulos

Jeroen Dijsselbloem, the Dutch finance minister who chairs the meetings of his eurozone peers, says Greece will receive its next 8.3-billion-euro ($11.4 billion) bailout installment in three parts.

The decision comes after the completion of a review by Greece's international debt inspectors of the country's reforms. Continued funding from the bailout by other European countries and the International Monetary Fund depends on these reviews.

Speaking after a finance ministers' meeting in Athens, Dijsselbloem said the first part of the current installment of rescue loans would be disbursed at the end of April, in time for Greece to meet a bond redemption in May. The rest of the rescue loans will be paid in June and July.

The amount does not include the IMF portion of the installment, which is paid separately.

Finance ministers from the European countries that use the euro currency were meeting in Athens Tuesday, with discussions to include how to pay out delayed bailout installments to Greece and how to ease Portugal out of its rescue program.

Both financially stricken countries have received multi-billion-euro bailouts from other European countries and the International Monetary Fund and have implemented a series of fiscal reforms in return, with their economies under strict supervision by international debt inspectors.

Security for the meeting was tight, with protests banned in much of central Athens. Unions and political youth groups plan demonstrations just outside the exclusion zone Tuesday evening.

The eurogroup meeting is to be followed by a broader gathering of all European Union finance ministers later in the day and on Wednesday, with talks to center on the social impact of the crisis, the EU's growth and financial stability, and banking union among other topics.

Greece, which has suffered the deepest and most prolonged financial crisis of the 18-member eurozone, hopes for a positive assessment from the eurogroup on progress made in reforms. A review by the debt inspectors from the International Monetary Fund, European Central Bank and European Commission, collectively known as the troika, ended last month. [The Associated Press]

ekathimerini.com , Tuesday April 1, 2014 (13:32)  
Construction material costs slide anew
Navios taps German shipping opportunities
Govt eyes state company reserves
Thessaly stores likely to remain closed on first Sunday of spring sales
FM warns against a lose-lose situation [Update]
Germany will have to decide whether it wants to support Greece or make an example of the SYRIZA-led administration, Foreign Minister Nikos Kotzias said on Friday. Do they want to support us...
PM tries to appease mayors, regional governors over cash bill
Prime Minister Alexis Tsipras met regional governors and mayors over the weekend in a bid to overcome their objections to a decision by the government forcing local authorities to hand over ...
Inside News
WATER POLO
Olympiakos wins Euro crown in womens water polo
The womens water polo team of Olympiakos won its first ever LEN Euro League at the Final Four it hosted in Piraeus by beating holder Sabadell from Spain 10-9 in Saturdays final. After defe...
SOCCER
Rival soccer fan clashes leave man stabbed
One man was stabbed and several others slightly injured as rival Thessaloniki club fans clashed late on Friday at an event held by Aris supporters. Reports from Greeces second city stated t...
Inside Sports
COMMENTARY
Five years ago
This week marks five years since Greece officially entered a period of crisis when then Prime Minister George Papandreou announced that the country would seek a bailout from the eurozone and...
EDITORIAL
Slippery slope
The extremely divisive language that is currently being used by parliamentary deputies and coalition ministers is both unacceptable and dangerous. It is high time that the tired, old argumen...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Olympiakos wins Euro crown in womens water polo
2. FM warns against a lose-lose situation [Update]
3. PM tries to appease mayors, regional governors over cash bill
4. Poll: Large majority of Greeks want compromise with lenders
5. Police rescue 69 migrants from Evros River
6. Thessaloniki nanny denies abusing toddler
more news
Today
This Week
1. Five years ago
2. PM tries to appease mayors, regional governors over cash bill
3. Poll: Large majority of Greeks want compromise with lenders
4. Greece not playing a game of chicken on debt
5. FM warns against a lose-lose situation [Update]
6. Slippery slope
Today
This Week
1. Greek government's popularity takes a hit as talks drag on
2. It's up to the Greek government to ensure deal with lenders, says ECB's Coeure
3. Europe's collision course with Greece
4. Leaving the past in the past
5. The price of compromise
6. Denialism
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.