ECONOMY

Eurozone set to release €4bln for Greece on Monday, IMF’s €1.8bln due on Wednesday

Greece is expecting to receive 4 billion euros from the eurozone on Monday, with the International Monetary Fund’s executive board also meeting the same day to decide on the disbursement of another 1.8 billion euros.

After the Euro Working Group approved last week the transfer of 2.5 billion euros in fresh loans from the European Financial Stability Facility (EFSF) and the return of 1.5 billion euros in profits made by eurozone central banks on Greek bonds, only the approval of national authorities, such as the German Parliament, stands in the way of Greece receiving the 4 billion euros.

The IMF board is also due to be briefed by the head of its troika representation in Greece, Poul Thomsen. The fund is not expected to release its tranche until Wednesday.