Photo: Dimitris Plantzos via Flickr
Reuters reports that an official source confirmed that the next disbursement of €5.2 billion in bailout aid to Greece would be forthcoming.Earlier reports had alleged that Greece would not receive the aid in light of an uncertain political outlook.
Officials from the EU/ECB/IMF troika notably cancelled a trip to Greece later this month, launching concerns that they would reconsider the aid promised to Greece as part of its second bailout.
Yet even with concerns about the structure of Greece’s new government, where an anti-bailout party earned an unprecedented number of seats, it seemed unlikely that EU leaders would reconsider its aid promises until June, when the Greek government will need to pass another round of austerity measures.
Similar jitters about the disbursement of aid tranches riled up the markets last fall after Greece failed to meet its spending and privatization goals, however EU leaders decided to move forward with the plan after Greece made fiscal concessions. Admittedly, that debate did drag on for a while.
That said, it will be harder for Greeks to accept more painful economic reforms now, and this is likely to make trouble for the country in the future as it struggles to stay in the eurozone.
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