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New Tranche for Greece May Be Approved at Thursday Eurogroup Meeting

© REUTERS / Yannis BehrakisProtesters wave Greek and EU flags during a pro-Euro rally in front of the parliament building, in Athens, Greece, June 30, 2015
Protesters wave Greek and EU flags during a pro-Euro rally in front of the parliament building, in Athens, Greece, June 30, 2015 - Sputnik International
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Another tranche for Greece may be approved at the upcoming June 16 meeting of the Eurogroup in Luxembourg.

Greek Prime Minister Alexis Tsipras looks on before a ruling Syriza party parliamentary group session in Athens, Greece, May 6, 2016. - Sputnik International
No More 'Milking the Cow,' Tsipras Greece and Troika Reach Another Deal
MOSCOW (Sputnik) — Another tranche for Greece may be approved at the upcoming June 16 meeting of the Eurogroup in Luxembourg, European Stability Mechanism (ESM) Managing Director Klaus Regling said.

"… the cooperation with the Greek government is again productive. When the Eurogroup meets, I think there is a good chance that a decision might be taken on the next disbursement," Regling told Euronews on Monday.

Greece's international creditors, the International Monetary Fund (IMF) and the European Central Bank (ECB) and some eurozone nations, signed an agreement with Athens in 2015, approving a third bailout package in exchange for highly unpopular austerity reforms such as pension cuts and tax hikes as well as other changes to the Greek legislation.

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. This was preceded by the Greek lawmakers' approval of a set of extra measures demanded by international lenders to receive additional aid from the international creditors.

Last week, the Euro Working Group approved the disbursement of the 7.5-billion-euro tranche to Greece by June 20.

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