The EuroWorking Group gave the green light on Friday for the Eurogroup on January 22 to announce the completion of Greece’s third program review, during a teleconference to discuss the issue, a Eurozone official said, ANA reports.
The European Stability Mechanism (ESM) is expected to disburse 6.7 billion euros to Greece after procedures are completed by the Eurogroup. Out of the total amount, 3.3 billion euros will cover the country’s loan needs for the period February-June 2018, 1.5 billion euros will be used to repay State arrears towards the private sector, and 1.9 billion euros to establish a liquidity buffer.
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