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Greek finance minister Euclid Tsakalotos (r) with European Stability Mechanism chief Klaus Regling (l). Since the start of the programme last year, Greece has received €28 billion.

EU to drip-feed Greek treasury

Eurozone finance ministers gave their green light on Monday (10 October) to the disbursement of a €1.1-billion tranche of aid to Greece, but said they would wait before releasing another €1.7 billion.

Ministers meeting in Luxembourg took the decision after the European Commission said it considered that the Greek government had fulfilled all 15 requirements to close the so-called first review of the bailout programme launched last year.

They said that they would wait until the pub...

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Greek finance minister Euclid Tsakalotos (r) with European Stability Mechanism chief Klaus Regling (l). Since the start of the programme last year, Greece has received €28 billion.

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