The decision to allocate the next tranche expected by the end of October. An agreement on the allocation of funds is likely to be achieved and approved as early as this week.
BRUSSELS, 9 November. Alexander Shishlo. Confidence in achievement between Greece and Eurozone partners agreed on the allocation of the next tranche of the loan showed on Monday, the European Commissioner for the economy Pierre Moscovici.
“The desire and the capacity for this”, — he said on arrival at the Eurogroup meeting in Brussels. According to the Commissioner, the decision on the allocation of funds will be taken “if not today, then in the coming days.”
As reported earlier, a source in the European Parliament, the agreement on the allocation of funds is expected to be “achieved to the environment and likely approved on Friday”.
The third financial aid program, which provides up to 86 billion euros of loans, was approved for Greece on August 19. The first tranche of the new package of support amounts to 26 billion euros. Of this money, Greece has already received at the end of August 13 billion euros. It remains to obtain 3 billion Euro for the budget and needs 10 billion — to recapitalize banks.
Decisions on the allocation of the next tranche of the Greek authorities expected by the end of October. The head of the Eurogroup Jeroen, Dijsselbloem said that Greece by the middle of October may gain access to another tranche of the loan — but in the case of the fulfillment of certain conditions.
The Greek authorities expect that the Eurogroup will approve the allocation of the next tranche of the loan of 2 billion euros by the end of October, however, after talks in Athens with representatives of the Quartet of lenders reported that the chances of this are slim. The reason was the delayed implementation by Greece of the agreed austerity measures and reforms.
The representatives of the creditors to continue to evaluate the implementation of Greece’s adjustment program for the economy — credit. Only a positive conclusion about the implementation of Greece’s conditions would enable the Eurogroup to take a decision about the transfer of the country the next portion of cash.