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Decision on next aid tranche has been taken, Spiegel reports

Δημοσίευση 18 Οκτωβρίου 2012, 11:40 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Decision on next aid tranche has been taken, Spiegel reports
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Although the German government is officially waiting for the new report from troika inspectors, unofficially the decision has already been made to give Greece the next instalment of the 130 billion euro loan by the end of November, according to a Spiegel report Thursday.

Although the German government is officially waiting for the new report from troika inspectors, unofficially the decision has already been made to give Greece the next instalment of the 130 billion euro loan by the end of November, according to a Spiegel report Thursday.

The solution being put forward by Germany and France, the German magazine reports, is to put the 31.5 billion euro aid tranche into an escrow account, a segregated account at the Bank of Greece set up as part of the second bailout to ensure that Greece honors its debts.

Source: ekathimerini.com