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Athens Macedonian News Agency: News in English, 16-05-24

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Eurogroup to disburse 10.3 bln euros in two installments; first in June, say gov't sources

  • [01] Eurogroup to disburse 10.3 bln euros in two installments; first in June, say gov't sources

    BRUSSELS (ANA-MPA/M. Aroni) - The Eurogroup is expected to announce that Greece's next loan installment will total 10.3 billion euros and will be disbursed in two sub-tranches of 7.5 billion in June and 2.8 billion in September, government sources said on Tuesday, as a Eurogroup meeting discussing the country's program review and debt issue got underway in Brussels.

    The same sources said the Eurogroup announcement will state that Greece is expected to achieve a primary surplus of 3.5 pct of GDP in 2018 but there will be no references to following years.

    The finance ministers didn't discuss the pending issues that came up during the EuroWorking Group meeting on Monday and concern the sale of Egnatia motorway and the Hellinikon, the sources said.

    On the debt issue, talks are expected to start in a while and according to government sources, the differences between the IMF and Eurozone countries remain unchanged, the same sources said. The Eurogroup statement is expected to include a "road map" for debt settlement in three stages (short-term, medium-term, long-term). Some of the measures considered are keeping interest rates in today's low levels in the short-term and smoothening repayments for some loans. In the next stages, ministers and officials are examining buying IMF loans and returning bond profits retained by the central banks (SMPs and ANFAs).


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