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Eurogroup agreed on the allocation of a new tranche for Greece

The Council of Ministers of Finance of the countries of the eurozone (Eurogroup) agreed on the possibility to allocate a new tranche of credit to Greece within the framework of the financial assistance program in 8,5 billion euros, RIA Novosti reported citing a source in the margins of the Eurogroup.

"Yes, agreed," he answered the question whether the size of the new tranche was agreed to 8,5 billion euros.

Also, the Eurogroup agreed on the possibility of increasing the maturity of Greece's loans from the European Financial Stability Facility (EFSF).

"We are ready to consider the possibility of increasing the average duration of EFSF credits by a maximum of 15 years," the head of the Eurogroup, Jeroen Daiselblum, said at a press conference.

The head of the International Monetary Fund (IMF), Christine Lagarde, recommended that the board of directors of the fund approve a new program of financial aid to Greece.

In the summer of 2015, Greece and the European Union agreed on a program to exit the debt crisis. Athens will receive 86 billion euros for three years. In exchange for this, a saving regime should be introduced in the country, including, in particular, the reform of the tax and pension systems.

A source: Slow

Tags: Greece, Economy, Eurogroup, EU, Credit