Stournaras: The tranche will be disbursed, there is no reason for concern

Repeating three times the phrase “there is no reason for concern”, Finance minister Yannis Stournaras tried to dispel the concerns created by the disagreements between the lenders of Greece in addressing its debt crisis and reassure the public that the country will receive the tranche of 31, 5 billion euros.

"We expect a political statement on Monday," he said after the meeting with Samaras when asked about what the government expects from the upcoming meeting of finance ministers of the 17 Eurozone countries in Brussels. Thus, he confirmed that the Eurogroup of November 12 will not decide on the disbursement of the tranche.

"There is an issue of debt sustainability" he added, confirming that there are differences within the Troika over whether the Greek debt can be serviced in the future.

The IMF, which under its statute cannot continue financing a country whose debt is unsustainable and still stands by the initial estimates of a debt of up to 120% of the Greek GDP in 2020, has a different view of the Europeans who are asking to increase the target rate to 125% by 2022. "Greece is doing what it should do," Stournaras merely said.