The eurozone will release 12 bn. Euros for Athens and its banks
The eurozone will release 12 bn. Euros for Athens and its banks
The eurozone is ready to release the 2 billion euro promised to Greece in exchange for a series of reforms, and about 10 billion. Euros set aside for the recap banks, announced today the president of the Eurogroup Jeroen Dijsselbloem.
"The eurozone is ready to support the release of subdose assistance and transfer of funds needed to recapitalize the Greek banking sector with EUR 10 billion provided for that purpose, provided that Greece will implement the measures "which agreed with its creditors explained Ntaiselmploum.
The Commissioner responsible for economic Pierre Moskovisi also said today that international creditors are expected to release the aid to Greece and its banks once the Greek parliament ratified the reforms agreed with lenders.
"We expect the finalization process will take place soon after the rapid adoption of the necessary legislation by the Greek parliament Thursday," said Moskovisi at a press conference in Brussels.
"This will enable institutions to finalize the assessment of conformity paving the way for Member States to take the necessary decisions to release the installments," added Moskovisi, noting that this means untying aid 2 billion. Euros and about 10 billion . euros for the recapitalization of Greek banks.
The eurozone is ready to release the 2 billion euro promised to Greece in exchange for a series of reforms, and about 10 billion. Euros set aside for the recap banks, announced today the president of the Eurogroup Jeroen Dijsselbloem.
"The eurozone is ready to support the release of subdose assistance and transfer of funds needed to recapitalize the Greek banking sector with EUR 10 billion provided for that purpose, provided that Greece will implement the measures "which agreed with its creditors explained Ntaiselmploum.
The Commissioner responsible for economic Pierre Moskovisi also said today that international creditors are expected to release the aid to Greece and its banks once the Greek parliament ratified the reforms agreed with lenders.
"We expect the finalization process will take place soon after the rapid adoption of the necessary legislation by the Greek parliament Thursday," said Moskovisi at a press conference in Brussels.
"This will enable institutions to finalize the assessment of conformity paving the way for Member States to take the necessary decisions to release the installments," added Moskovisi, noting that this means untying aid 2 billion. Euros and about 10 billion . euros for the recapitalization of Greek banks.
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