ESM paid the EUR 7.7bn tranche to Greece

Tuesday, July 11th, 2017
Last Update: 15:26

ESM announced yesterday that EUR 7.7bn out of a total tranche of EUR 8.5bn flowed to Greek State coffers.The amount will cover loan maturities expiring this month, to the tune of EUR 6.9bn, with another EUR 800mn going to cover public sector arrears to the private sector.

 ESM had said on Friday that “a further disbursement for arrears clearance of €0.8 billion may be made after 1 September 2017 subject to Greece making significant progress on arrears clearance.”

 

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