The EuroWorking Group on Thursday evening gave its “green light” towards the disbursement of a 7.5-billion-euro loan tranche to Greece, two weeks after a Eurogroup meeting paved the way for the development.
Up next is ratification by roughly half dozen national legislations of Eurozone member-states.
The EWG decisions followed yet another round of prior actions demanded by creditors and taken by the leftist Greek government in short order over the past week and a half.
The final say in the disbursement of the money, the biggest chunk of a 10.3-billion-euro bailout package for 2016, will be taken by the European Stability Mechanism’s board of directors. The ESM board will meet on June 16 in Luxembourg, with a positive nod meaning a transfer of cash before the referendum for the UK’s membership in the EU.
