5,2 billion installment approved

Today’s meeting of the EFSF board of directors approved the installment of 5.2 billion euro to our country, in the framework of the signed loan agreements.

This development confirmed what had been stated earlier by EC spokesman Amadeu Altafaz who, responding to a French News Agency question, said that “the installment will be deposited because it had already been approved by lenders”.

The climate broadcast by foreign news agencies such as Reuters was similar earlier; however the whole affair took on the proportions of a thriller after the Eurogroup president Jean Claude Juncker made statements indicating that some countries might refuse to pay their amount tomorrow.

Some member states might have second thoughts on the installment, so it is still possible that the installment might be paid off late, as an EC member stated.

All this on a day with enough talk of Greece exiting the Eurozone, and only a few hours after Barroso’s statements yesterday on a disorderly default of the country in the event that Greece refuses to implement the austerity policies that the Memorandum indicates.