The disbursement of the 1 billion euro tranche to Greece was approved

The Euro Working Group approved the tranche of 1 billion euros after the fulfillment of the prerequisites. The approval was based on the positive report by Troika for the Greek Defence Systems (EAS).

As agents of the Ministry of Finance said the disbursement of the tranche will be approved Thursday by the ESM and before the end of the year, the money will be deposited into the account of the Greek government to the Bank of Greece.

Dijsselbloem: Greece has met the prerequisites

"I am pleased to say that Greece has met the prerequisites agreed with the troika in the context of the third review of the economic reform program», Eurogroup head Geroun Dijsselbloem said.

EFSF will proceed during the week in the disbursement of the second subdose of the fifth tranche to Greece of 0.5 billion euros. The remaining 500 million will come from the proceeds transferred to the Greek State from its portfolio with the relevant program for securities markets (SMP).

"I am confident that the Greek authorities will soon finalize negotiations with the troika in order to allow for the completion of the ongoing evaluation of the reform program in the country," Dijsselbloem added.

Regling: Greece continues to make progress

"Greece continues to make progress in the adjustment process and this will contribute to sustainable mid-term growth,” EFSF chief Klaus Regling said approving the disbursement of 1 billion euros.

The announcement issued by the EFSF from Luxembourg states: "The board of the EFSF approved today the disbursement of 500 million euros to Greece. The evaluation of the third review of the economic adjustment program in Greece is positive and the last prerequisites concerning reforms in the public service, the professions, and compliance with targets for privatization have been met."

The same announcement says the disbursement of 500 million euros to Greece will come during the week and this amount will allow the Greek government to cover the financial needs of its budget. Meanwhile, ESM will provide the remaining 500 million euros, derived from the Greek bonds held by the banks of the Eurosystem from profits of 2012.

With today's disbursement, the total financial aid from EFSF reaches 133.6 billion euros with 10.2 billion remaining.