Eurogroup expected to OK first debt relief tranche (970 mln€) to Athens this week

Monday, 01 April 2019 11:46
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Chances of Eurozone member-states' finance ministers approving a 970-million-euro tranche to Greece on Friday are significantly increased after the Tsipras government finally submitted and ratified a new legal framework to protect certain categories of primary residences from creditors.

This Friday's Eurogroup will be the venue for a final decision to release the tranche, generated from profits on Greek bonds held by the European Central Bank (ECB) and Eurozone central banks, and part of European creditors' debt relief measures for Greece - announced in 2017.

The "green light" for the framework came after the Tsipras government tightened eligibility criteria in the framework, as per creditors' observations.

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