Greece expects another disbursement from new rescue program next week
Greek Finance Minister Euclid Tsakalotos believes another 2 billion euros from the new rescue package for Greece could already be disbursed by the end of next week, Reuters reported. Representatives of the EU Commission, the IMF, the ECB and Europe’s permanent rescue fund ESM started talks with government officials in Athens on Wednesday to review the implementation of the agreed reform program. “We are on a good path,” Tsakalotos said. “There is a broad agreement on the fiscal targets.”A positive review by the representatives of Greece’s lenders is a necessary pre-condition for the disbursement of the financial aid and the launch of talks on debt relief. Over the weekend, the Greek parliament passed a major reform bill. cep economist Matthias Kullas believes that a debt cut for Greece should only happen once the country has implemented the bulk of the reforms agreed with its lenders.