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