EuroWorking Group is expected to give the green light for the 8.5bn disbursement to Greece

Thursday, June 29th, 2017
Last Update: 10:47

EuroWorking Group, which will convene in Brussels at 19:00 CET, is expected, among other things, to make a positive recommendation to the Eurogroup for the successful completion of the 2nd programme review and give the green light for the disbursement of the €8.5bn tranche (i.e. third tranche of the ESM programme).

Finally, the ESM Board of Directors will have to take the formal decision to disburse funds to Greece.

This is expected to take place on 5 July; then, the first sub-tranche of €7.7bn disbursement is expected soon after (reportedly on 6-7 July).

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