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Wednesday, November 18, 2015

Greece To Receive €12bn, Probably

Greece has reached an agreement to unlock the first major tranche of rescue money as per its €86bn international bailout programme.

Athens, seemingly, has successfully passed the 48 "milestones" demanded by the Quadriga, freeing up €12bn.

€2bn will go to the government, and €10bn will be used to try to recapitalise the country's banking system.

In theory the Greek parliament will pass the remaining legislative measures on Thursday. This will then pave the way for the cash release by the end of the week.

What could possibly go wrong?

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