Greece to receive 3 billion euro aid tranche, says EU’s Moscovici

Reforms carried out by the Greek government are on track and its creditors will disburse the next 3 billion euro (£2.2 billion) installment of its aid program, European Economics Commissioner Pierre Moscovici told French radio on Thursday.

“Greece has done a certain number of reforms, and we are going to give them money, 3 billion euros in all,” Moscovici told Europe 1 radio.

“And in the course of November, December, we will deal with the issue of the recapitalization of Greek banks and Greek debt,” he said.

“The Greek situation is on track as long as everyone plays their part, which means carrying on with reforms for the Greek government, and having a constructive attitude for its partners,” Moscovici added.

[Reuters]