Monday November 24, 2014 Search
Weather | Athens
18o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Eurozone and IMF ready to approve tranches of 11.9 bln

 Decision hinges on Greek Parliament’s voting on the multi-bill

The eurozone and the International Monetary Fund will approve the disbursement of bailout tranches to Greece adding up to 11.9 billion euros if the Greek Parliament votes for the draft law that includes all the measures agreed with the country’s creditors. Representatives of the IMF and the European Commission said they are ready to approve the installments once the multi-bill is passed in an effort to bolster the government’s arguments supporting the latter.

Sources say that the eurozone is ready to approve a tranche of 8.3 billion euros and the IMF 3.6 billion euros. A Finance Ministry official said most of the eurozone loans will be disbursedv as the sole prior action required is the voting of the multi-bill. These funds are estimated at about 6 billion euros and combined with the one-off disbursement from the IMF will cover the country’s obligations amounting to 9 billion euros at end-May.

As for the funds from the eurozone that will not yet be disbursed but only approved, the same sources in Brussels noted that they will be paid out in two parts after May. Their release will depend on the implementation of prior actions.

A senior European official said on Thursday in Brussels that the informal Eurogroup meeting of eurozone finance ministers scheduled to take place on Tuesday in Athens will officially approve the program and the disbursement of the bulk of the bailout tranche. “All that is left now is for the Greek Parliament to vote for the draft law so that we can formally approve the disbursement,” he stated.

IMF spokesman William Murray said on Thursday that owing to the delay to the fifth assessment, the tranches to Greece will be restructured. “I cannot say what the exact amount to be disbursed will be when this assessment is completed,” he said, adding that “it will be different to the previous assessment.” He assumed that “it will be bigger.” This way, the Fund’s fifth and sixth assessments will be completed at the same time. The objective set is for the IMF to have completed the process by end-April, so that the 3.6 billion euros can be disbursed in early May.

ekathimerini.com , Thursday March 27, 2014 (22:57)  
Athens deserves slack from creditors
Transfer tax to be based on actual property cost, not objective value
Key general meeting at OLP on Tuesday
Agenda
Cyprus on agenda in Biden visit to Istanbul
The prospects for the resumption of stalled peace talks on Cyprus and the issue of energy security were among the matters discussed on Saturday by US Vice President Joe Biden and Turkish gov...
PASOK nixes Papandreou leadership challenge
The junior coalition partner PASOK rejected over the weekend a proposal by the party’s former leader and ex-premier George Papandreou for the party to call an emergency congress and a subseq...
Inside News
BASKETBALL
Olympiakos ends PAOK´s unbeaten run in Basket League
Olympiakos put an end to PAOK’s unbeaten run in the Basket League with an emphatic win at the Peace and Friendship Stadium, leaving Panathinaikos as the only team with a perfect record so fa...
INTERVIEW
Tokyo hopes to change the world
The 2020 Summer Olympic and Paralympic Games in Tokyo will serve as a springboard for the rebuilding of Japan’s image and economy following the triple blow of the earthquake, tsunami and nuc...
Inside Sports
COMMENTARY
Extremism from a bygone era
There are times when we seem to be overcome by self-destructive madness. I hear various commentators and politicians speaking in extreme terms of a junta, of defections, gallows, collaborato...
EDITORIAL
No call for more games
Psychological warfare has been a part of the negotiations between the troika and Athens from the very start of the crisis. But the situation is much different now and troika decision-makers ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Olympiakos ends PAOK´s unbeaten run in Basket League
2. Athens deserves slack from creditors
3. Transfer tax to be based on actual property cost, not objective value
4. Key general meeting at OLP on Tuesday
5. Agenda
6. Carlsberg to use Greece as regional junction
more news
Today
This Week
1. Extremism from a bygone era
2. No call for more games
3. Carlsberg to use Greece as regional junction
4. Transfer tax to be based on actual property cost, not objective value
5. Key general meeting at OLP on Tuesday
6. Agenda
Today
This Week
1. Double quake on Atalanti fault line rattles Greek capital [Update]
2. Biden heads to Istanbul amid tension over Cyprus EEZ violation
3. Anti-junta uprising anniversary to be marked amid tight security
4. Carlsberg takes control of Greek brewer Olympic Brewery [Update]
5. Every age has its collaborators
6. Give Greece a chance
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.