Eurogroup approves 9.2 bln euros tranche to Greece

Eurogroup approves 9.2 bln euros tranche to Greece



The Council of euro zone Finance ministers on Monday evening approved the disbursement of January’s bailout loan tranche to Greece, totaling 9.2 billion euros. Of these, the banking sector will receive 7.2 billion euros and the remaining 2 billion euros will go to state coffers.
According to sources, Eurogroup ascertained that Greece is okay in relation to the commitments undertaken and gave the ‘green light’ for the disbursement.


Discussion at the Council on Greece lasted a mere 10 minutes and had a rather typical nature, with the overall atmosphere being positive about Greece, the sources said.

SOURCE: ATHENS NEWS AGENCY

January 22, 2013