Mário Centeno

Merkel: Effects of Greek bailout will extend beyond August

German Chancellor Angela Merkel said on Friday the effects of Greece's bailout package would not end on the day that the program itself ends.

Eurogroup chairman Mario Centeno said last week that eurozone countries were set to disburse a final 15 billion euro ($17.48 billion) bailout loan to Greece in August.

Greece to get last bailout loan in August

Eurozone countries are set to disburse a final 15 billion euro ($17.5 billion) bailout loan to Greece in August, Eurogroup chairman Mario Centeno said on Thursday.

Centeno told a news conference that the last tranche had been ratified by 18 eurozone countries, with a final decision to be taken as soon as national procedures were concluded in Germany.

Euro officials reject Moscovici's 'flexibility'

Not everyone in the European corridors of power agrees with the "flexible" viewpoint of Commissioner for Economic and Monetary Affairs Pierre Moscovici on Greece meeting its pledges: In interviews on Wednesday the heads of the European Stability Mechanism and the Eurogroup were adamant that Greece must continue on the reform path and not go back on its promises.

Centeno: Greece back on its feet, must continue reforms

Eurogroup President Mario Centeno said on Wednesday that Greece is back on its feet but it must also remain on the path of reforms.

"Greece is ready to stand on its own feet again, with the sound foundations for sustainable, balanced and inclusive growth," he told European Parliament, adding that the agreement reached at the June Eurogroup is key for Greece to achieve that goal.

Eurogroup chief says Greece ready to take charge post-bailout

Greece has corrected many of the structural imbalances that made it a "special case" within the euro zone, and is ready to take charge of its economic decisions when its bailout ends in August, the chairman of the group of finance ministers of the eurozone said on Monday.

"Greece is a different country today," Mario Centeno told a conference in Lisbon.

Greece to be closely monitored in post-bailout era

Greece's creditors are reportedly examining a scenario whereby the country will be placed under "enhanced supervision" that will be linked to debt relief measures after its bailout ends in August, according to European Union sources.

Under the plan, any divergence - fiscal or other - will entail losses for Greece with regard to debt relief measures.

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