Greece will receive the final EUR1 billion from its first disbursement under the second bailout package by month's end, Jean-Claude Juncker, chairman of the Eurogroup of euro-zone finance ministers said Thursday.
Greece
will
receive the final EUR1 billion from its first disbursement under the second
bailout package by month's end, Jean-Claude Juncker, chairman of the Eurogroup
of euro-zone finance ministers said Thursday.
The money was held back by finance ministers because of concerns about the
outcome of the Greek election on June 17.
Juncker said part of the money would cover
Greece
's
contribution to the region's bailout funds.
The Eurogroup chief said finance ministers expect the new Greek government to
invite senior officials from the troika of official lenders to Athens next
Monday to "take stock of the implementation" of the second Greek
bailout program.
Juncker said the swift visit to
Greece
by
the troika--the International Monetary Fund, the European Commission and the
European Central Bank--was important because "all the procedures have to
be speeded up."
We are "in an urgent situation" in respect to
Greece
, Mr.
Juncker said.
He said that, on the basis of this visit, a full troika team will then go to
Athens to discuss with Greek authorities "an updated" memorandum of
understanding of the bailout program.
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