“The overall picture is that the [Greek] government’s strategy to fulfill conditions [to receive next bailout tranche] has produced positive results, though with a little delay, and we expect that things will go well on Monday as we are done with [implementing] conditions,” the source said.
In May, Eurogroup finance ministers held marathon talks on new loans for debt-ridden Greece, finally agreeing on a 10.3 billion-euro ($11.5 billion) aid package, which is part of the 86 billion-euro package. In June, the European Stability Mechanism (ESM) disbursed about 7.5 billion euros to Greece. Greece was told to fulfill 15 conditions in order to get remaining $3.14 billion.
The Greek debt crisis erupted in 2010 with a number of austerity packages adopted by the parliament and several bailout payments provided by the European Commission, the European Central Bank (ECB) and the IMF. The loans, however, only resulted in increasing country’s debt.
