Wealth Finance

The [euro-zone finance] signed off their portion of the 12 billion ($17.39 billion) loan tranche in an evening conference call. The International Monetary Fund is expected to approve its part of the loan next week.

From Bloomberg on the next aid package: Euro Area Backs Greek Payment, Shifts Focus to New Bailout

The precise modalities and scale of private-sector involvement and additional funding from official sources will be determined in the coming weeks. [the 17 euro-area finance chiefs said in an e-mailed statement today]

The next key dates aren’t clear yet, but this 12 billion tranche will not last long. Greece will be back in the news very quickly.

Earlier: Unofficial Problem Bank list at 1,003 Institutions and State Stress Level

Similar Posts:

• Europe Update
• Greece Update: “Further adjustment programme” needed, Next meeting May 16th
• Debt Consolidation Loan: a Milestone
• Unofficial Problem Bank list increases to 937 Institutions
• Greece: Next Tranche of Aid expected to be approved tomorrow