8th May 2012

Next disbursement to Greece

The EFSF (European Financial Stability Facility) Board of Directors has confirmed the release of €4.2 bn as a first part of the installment of €39.4 bn by the end of June. Payment was disbursed on 10 May and no other funding is needed until June.
Yet, after the general election in Greece, future of the next disbursement is very questionable. None of the major parties has been able to create a coalition so far. Therefore, a new round of election is expected, that could make Syriza (an anti-bailout party) the strongest party and potentially the leader of a new coalition.

The press release you can find here.
For more information about the EFSF, click here.

Members of the American Chamber of Commerce in the Czech Republic