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Commission: Written commitments a precondition for disbursement of 6th loan tranche

22. November 2011. | 10:29

Source: Tanjug

The Eurozone is still waiting for written and clear commitments on behalf of Greek political powers, namely, that they will adhere to the Oct. 26 EU decisions, the spokesman of the European Commissioner for Economic and Monetary Affairs Olli Rehn repeated here on Monday.

The Eurozone is still waiting for written and clear commitments on behalf of Greek political powers, namely, that they will adhere to the Oct. 26 EU decisions, the spokesman of the European Commissioner for Economic and Monetary Affairs Olli Rehn repeated here on Monday.

Responding to questions during a scheduled press briefing, Amadeu Altafaj underlined that the goal of the specific written commitments is to assure the Eurozone member states that Greece will adhere to its commitments regardless of developments in the coming weeks or months related with the imminent elections.

Altafaj stressed that Greece depends on the international economic assistance it receives and underlined that the sixth tranche of the aid will have be disbursed before the end of December for the country to meet its needs.

Referring to meetings Prime Minister Lucas Papademos will have with European Commission president Jose Manuel Barroso and vice president Olli Rehn, European Commission spokesman Olivier Bailly stated that discussions will focus on the implementation of the October 27 decisions, the disbursement of the sixth tranche and PSI participation.

Bailly underlined that written commitment is a precondition for the disbursement of the sixth tranche and expressed guarded optimism that the Greek authorities will provide the necessary commitments as soon as possible.

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