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Home arrow About Us arrow Embassy of Greece in London arrow News arrow PM Samaras: Loan tranche issue finished, focus now on growth

PM Samaras: Loan tranche issue finished, focus now on growth

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Prime Minister Antonis Samaras on Tuesday flatly dismissed persistent speculation and reiterated that a pending bailout tranche allocated by the country's EC-ECB-IMF creditors will be disbursed without hindrance, while he also appeared certain that more funding will be available than originally planned.

"Greece is already at the next day ... Greece's sacrifices were fully recognised at yesterday's (Monday) Eurogroup (meeting), where the last expediencies were eliminated. An extension (of the period to meet fiscal targets) was officially announced, while the issue of an escrow account was also overcome," Samaras told reporters here, adding:

"Whatever (details) remain are few, of a technical nature, which deal with the execution of what has already been agreed to, and which will conclude once and for all in the next few days. The loan installment is expected to be disbursed normally, after a difference in approach between Europe and the International Monetary Fund (IMF) -- over the issue of the Greek debt's sustainability -- is solved."
Samaras was speaking to reporters after talks with European Commission President Jose Manuel Barroso and  European Council President Herman van Rompuy.

The Greek premier, in fact, again said that the goal is to receive more than the 31 billion euros earmarked for the country's borrowing needs in the next tranche.

"We're now in the next phase; we're now seeking resources for growth ... I am returning to Greece even more optimistic for the next day," he said.

The prime minister is in Brussels to attend a Friends of Cohesion Group meeting on the next National Strategic Reference Framework (NSRF).

Last Updated Wednesday, 14 November 2012
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