International creditors are expected to disburse locked aid to Greece and its banks shortly after the Greek Parliament ratified reforms agreed with its lenders, European Economics Commissioner Pierre Moscovici said yesterday.
“We expect the finalisation of the process to take place shortly following the swift adoption of necessary legislation by the Greek parliament on Thursday [tomorrow],” Moscovici told a news conference in Brussels.
“This would allow the institutions to finalise their assessment of compliance paving the way for member states to take necessary decisions on disbursements,” Moscovici added, noting that this would entail the unlocking of €2 billion aid and about €10 billion in recapitalisation aid to the country’s four main banks.
“This is a good day,” Moscovici said.