ECONOMY

ESM to decide on 1bln sub-tranche before Christmas

esm-to-decide-on-1bln-sub-tranche-before-christmas

The ESM board of directors is expected to convene before Christmas to decide on the disbursement of the outstanding sub-tranche of 1 billion euros to Greece, the European Union said Monday.

“The Greek authorities delivered all the outstanding input to complete the second set of milestones to the Institutions for their final assessment,” European Commission spokeswoman Mina Andreeva told a briefing in Brussels adding that the go-ahead was “subject to their positive assessment.”