Government Spokeswoman Olga Gerovassili said that the government has achieved its main targets during negotiation with its creditors (EC, ECB, ESM, IMF) following the Eurogroup and ESM’s approval for the disbursement of the 2-billion-euro sub-tranche and the 10 billion euros benchmarked for the recapitalization of Greek banks.

Gerovassili noted that they managed to protect primary homes from foreclosures and she stressed the the success of the recapitalization of Greek banks that puts an end to the danger for haircuts on people’s bank deposits.

“Following the Eurogroup’s decision for the disbursement of the 10+2 billion euros, the first round of tough negotiations with the creditors closed successfully. The government has achieved its main targets within the framework of the negotiation,” she said.”We managed to protect the first residence from foreclosures despite the first reactions of the creditors and maintained the debt settlement of 100 installments without any essential changes to the initial programme”.