News Column

EU: Expect Greece Bailout Tranche Thursday

Dec. 12, 2012

The European Commission expects eurozone finance ministers to follow through on their promise to disburse a 34.4-billion-euro (44.8-billion-dollar) bailout tranche to Greece on Thursday.

"We expect that the decision on the disbursement will be taken tomorrow as planned," Simon O'Connor, a spokesman for the EU executive, said Wednesday.

He declined to comment on Greece's freshly completed debt buy-back operation, or reports that it will need more money than expected for the operation and that it may not reduce its national debt enough.

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Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH

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