Finance Ministry: Progress of auctions not linked to sub-tranche for paying arrears

The only condition agreed with the institutions for the disbursement of the second sub-tranche of one billion euros for the payment of arrears is the payment of one billion euros of the state’s arrears to the private sector by mid-April 2018, the finance ministry said on Saturday, according to ANA

The ministry denied a report in “Kathimerini” newspaper that the disbursement of sums to pay off state arrears was also linked to the progress of auctions to pay off debts.

Breaking down the decision made by the Eurogroup Working Group (EWG) regarding the 6.7 billion euros in loans to Greece, the ministry pointed out that 5.7 billion euros will be given upon the conclusion of oustanding technical issues linked to the last of the prior actions, without a new meeting, by mid-February.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinations Greek travel marketGreek tourism statisticsGreek tourism report

Photo Source: Wikimedia Commons Copyright: Tilemahos Efthymiadis License: CC-BY-SA

 

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