EWG gives green light for next tranche

EWG gives green light for next tranche

 

The 4.2-billion-euro installment is expected on Friday

By Sotiris Nikas

The Euro Working Group of eurozone finance ministry officials in Brussels approved on Wednesday the disbursement of a 4.2-billion-euro bailout tranche to Athens, which means that the funds will flow into Greek state coffers on Friday.

The EWG decision was a formality, as the political decision had already been made on Monday by the Eurogroup, although Greek officials noted that technical issues were being raised and settled right up to the last moment. The same sources stressed however that the mood in the Eurogroup has been at its best in the last few days since Greece entered the stability mechanism.