Greece gained a double benefit from the latest Eurogroup meeting in Brussels, with the approval of disbursement of 767 million euros from Greek bonds’ gains held by European Central Bank and national central banks (ANFAs and SMPs) and with a decision to begin technical preparations on a possible use of this money for investment programmes in Greece, Finance Minister Christos Staikouras said on Wednesday, according to ANA.
A Eurogroup statement noted that any proposal to invest profits from Greek bonds will be made in a fiscally-neutral way and will not affect the primary surplus. Disbursement of the 767 million euros will have to be approved by six Eurozone parliaments before the European Stability Mechanism takes the final decision to disburse the money to Greece, possibly in early January.
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