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Eurogroup Approves Fifth Greek Bailout Tranche - Complete Statement And Math Fail

The very critical, and very insufficient 5th bailout tranche to Greece, has now been approved. From Reuters: "Euro zone finance ministers agreed on Saturday to disburse a further 12 billion euros to Greece and said the details of a second aid package for Athens would be finalised by mid-September. After a conference call, the 17 euro zone ministers agreed that the fifth tranche of the 110-billion-euro bailout agreed with Greece in May 2010 would be paid by July 15, as long as the IMF's board signs off on the disbursement.
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Euro zone likely to reach deal on Greek aid payment

News : The Coming Crisis (2 years ago)

Euro zone finance ministers are likely to approve the next tranche of loans to Greece on Tuesday although the money is unlikely to be disbursed before December and a deal on debt reduction may need further talks.Officials familiar w... Read Post

‘Greek set to conclude bailout deal’

Business & Finance : Business Report (2 years ago)

Euro zone finance ministers look set to approve a bailout package for Greece although final details are still being worked out. ||| Euro zone finance ministers look set to approve a bailout package for Greece on Monday although fina... Read Post

EU Fin Mins Approve Disbursement Of $11 Billion In Bailout Aid For Greece

Business & Finance : Business Insider: Money Game (3 years ago)

Euro are finance ministers just approved the sixth tranche of bailout aid from Greece's first bailout last year. The "troika"—European Commission, European Central Bank, and International Monetary Fund—is set to disburse these €8 bi... Read Post


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