European Stability Mechanism to examine 6.7 bln euro loan tranche next week

The board of the European Stability Mechanism (ESM) will next week examine the approval of the 6.7 billion euro loan tranche for Greece and the disbursement of 5.7 billion euros, according to an announcement on Thursday.

The meeting will take place on March 27, 2018. The funds will be channelled to the servicing of the debt, the payment of oustanding debt and the creation of a cash buffer.