The Greek government considers the positive outcome of the Eurogroup meeting

The Greek government considers the positive outcome of the Eurogroup meeting


The meeting of the Eurogroup has dismissed allegations that the firm position of Greece could jeopardize the progress and successful conclusion of the negotiations, said the representative of the Cabinet of Ministers.

ATHENS, 9 Nov. Gennady Melnik. The Greek government expect in the coming days, the lenders approve the allocation of the country the next tranche of 2 billion euros and 10 billion euros to recapitalize banks, said the official representative of the Cabinet of Ministers.

At the meeting on Monday, the Eurogroup has not made a decision on allocation of Greece the next tranche of the loan.

“At today’s meeting, the Eurogroup confirmed the positive climate of the previous day, acknowledged the progress made in the implementation of the Greek program. It was also confirmed that they are ready to provide EUR 2 billion of financing and € 10 billion for Bank recapitalization in the next few days”, — said the representative of the government.

“Outstanding issues will be closed in the coming days in Athens for talks with representatives of institutions, creditors and approved at an extraordinary meeting of the working group of the Eurogroup at the beginning of next week,” he said.

According to him, the meeting denied the allegations that the firm position of Greece may jeopardize the progress and successful conclusion of negotiations.

The Greek government on Tuesday morning will hold a meeting, to be held this time at the residence of Prime Minister, and the Parliament building.

The main problematic issues in the negotiations remain the settlement of nonperforming loans (the sum comes to EUR 107 billion), protection from sale from the auctions of a single housing debtors and taxes.

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. 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.