EMS board to approve release of first tranche for Greece Wednesday

Greece to pay 3.2bln Euro bond to ECB on August 20

ESM Board of Governors, who are also Eurogroup Ministers will meet via teleconference, Wednesday at 8 pm (Greek time) to approve the release of the first disbursement to the Greek state in the framework of the 3rd Greek rescue plan. This will allow the cash-strapped country to pay off a 3.2bln Euro bond to the ECB on Thursday, August 20.

esm board