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Aid to Greece, new postponement of the EU. The race to avoid default

The decision was expected at the Ecofin meeting of 3-4 October - But in reality it will be postponed again - This is the sixth tranche of aid to Athens (8 billion euros), necessary to avoid default

Aid to Greece, new postponement of the EU. The race to avoid default

It was expected for the Ecofin of 3-4 October. But the decision on the sixth tranche of aid to Greece (8 billion euros) will actually be postponed again. This was stated today by Amadeu Altafaj Tardio, spokesman for the EU commissioner for economic affairs, Olli Rehn.
He specified that "the troika is still verifying the implementation of all commitments by the Greek government" and that this "will hardly be possible within the meetings in Luxembourg". "Certainly - specified Tardio - on 3 October in Luxembourg the finance ministers of the euro area will discuss the subject, but that deadline has never been set for deciding on the next tranche of aid to Greece".
In fact, first it is necessary for the troika mission (ECB/EU/IMF) to return to Athens and this will happen "soon but a date has not yet been set". The problems are not of a political but of a technical nature, and the work "is also proceeding in these hours in Athens". In any case, it is the last chance before the collapse of the economy. And the default of the Greek country.

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