keeptalkinggreece — The Budget Committee of German Parliament (Bundestag) postponed the decision for the release of the bailout tranche for Greece. on Wednesday.
“We have not released yet the istallment of the next bailout tranche as the implementation of a small remnant of the agreed measures by the Greek Government is still pending”, said the budget policy spokesman for the CDU parliamentary group, Eckhardt Rehberg (CDU) in Berlin on Wednesday. “Once these measures have been implemented, we will take up the issue again.” There were no serious problems with the completion of the first program review.
The Committee decided not to release the bailout tranche following a recommendation of the German Finance Ministry.
“In a letter to the Budget Committee, the Federal Ministry of Finance had communicated that the final release of the aid depended on the final confirmation of the implementation of emergency measures by the Greek government.
The EU, the European Central Bank (ECB) and the International Monetary Fund (IMF) could not give final confirmation in their latest updated report no final confirmation. However, a final confirmation was held out in prospect.”The tranche includes EUR 10.3 billion. It is intended for the debt service and the reduction of arrears. A first tranche of EUR 7.5 billion is expected to be dispersed in June.
Six Eurozone Parliaments have to approve the release of the bailout tranche.
Athens hopes the matter will be resolved at the Euro Working Group’s meeting on Thursday in Helsinki, if the group finds that Greece has done enough to complete the prior actions.
