Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
International Relation

Eurozone to unlock 5.7-bln-euro loan to Greece

March 13, 2018


Abstract : Eurogroup President Mario Centeno said Monday that the eurozone bailout fund is expected to disburse the next tranche, worth 5.7 billion euros (7.03 billion U.S. dollars), to Greece in the second half of March.

欧盟-希腊

Spanish Economy, Industry and Competitiveness Minister Roman Escolano (L), European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici (C) and Italian Finance Minister Pier Carlo Padoan talk prior to a meeting of Eurogroup finance ministers in Brussels, Belgium, March 12, 2018.  (Xinhua/Thierry Monass)

BRUSSELS, Mar. 13 (Xinhua) -- Eurogroup President Mario Centeno said Monday that the eurozone bailout fund is expected to disburse the next tranche, worth 5.7 billion euros (7.03 billion U.S. dollars), to Greece in the second half of March.

"The Eurogroup commended Greece today for completing the third review of the ESM program. Work on the fourth and last review is already under way with the institutions," Centeno told a press conference after a meeting of eurozone finance ministers.

The Eurogroup decision will now pass through the parliaments of eurozone's individual states before the tranche is paid.

Centeno said Greece's bailout program now entered the final stages and he was confident that Greece will implement all remaining deliverables to conclude the program successfully.

"That is a condition for any additional debt relief," he added and expected Greece to deliver in April a long-term growth strategy which will be a crucial element of the post-program framework.

Greece is due to exit its 86-billion-euro bailout program in August.

Scan the QR code and push it to your mobile phone

Keyword: foreign-relationship Greece-economy EU-Greece

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial