17012018Headline:

Finance Ministry sources say next ESM loan tranche will reach ca. 4.5 bln euros

The ESM installment Greece will receive following the completion of the third program review will amount to 4.5 billion euros approximately, Finance ministry sources said on Thursday.

Media reports raising the tranche amount to 7.5-8 billion euros are “arbitrary”, the sources said.

The tranche’s amount depends on Greece’s cash flow needs for the February-June 2018 period, which total 3 billion euros. This amount will be augmented by another 1.5 bln euros, approximately, for repaying state arrears to the private sector.