Multi-bill enactment paves the way for collection of next tranche

The recent enactment of the multi-bill, which contains a series of troika-mandated prior actions, has paved the way for the…

The recent enactment of the multi-bill, which contains a series of troika-mandated prior actions, has paved the way for the collection of the next one-billion-euro loan installment by the end of next week.

According to a report in Ta Nea the Minister of Finances Gikas Hardouvelis and the PM’s associate Stavros Papastavrou had a teleconference with the troika and agreed that after the multi-bill is ratified, then the Euro Working Group would convene within two to three days and approve the next payment.

The Greek state is currently liable for 6.7 billion euros, due to treasury bills about to mature, interest fees and funds received from the first IMF loan. Even if the payment of the next tranche is delayed though, the State Treasury has the necessary finds to cover its needs, given the recent three-year t-bill issue in July.

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