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30/08/2016

Eurogroup praises Greece’s progress as Athens asks for debt relief

Euro & Finance

Eurogroup praises Greece’s progress as Athens asks for debt relief

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Eurogroup ministers congratulated Greece on Monday for its signs of economic recovery, as Athens is expected to return to growth in 2014. Euro zone governments hold more than 80% of Greece’s €319 billion public debt.

“On Greece we disbursed 6.3 billion euros a week ago and there are two further disbursement of one billion euro each in June and July if milestones are met. Once these disbursements have taken place another 1.8 billion remain on the pipeline under the current program.” ESM Managind Director Klaus Regling said.