The European Commission stated the need to give Greece the next tranche of the loan

© AP Photo / Petros Giannakouris,the stock exchange in Athens, Greece. Archival photoThe European Commission stated the need to give Greece the next tranche of the loan© AP Photo / Petros Giannakouris,

The European Commission (EC) believes that Greece will need to issue another tranche of the loan, as the uncertainty caused by the delay in money transfer that has already begun to negatively affect the country’s economy, said the Vice-President of the European Commission Valdis Dombrovskis at a press conference on Thursday.

Another program of financial assistance to Greece by foreign creditors earned in 2015, the amount to 86 billion euros of loans. The goal of the program is the country’s economic recovery and confidence of investors that Greece was able to return to a full-fledged independent market financing their needs. This is the third since 2010, the program, the previous two failed to reach the target and, consequently, be completed, these programs had somehow to Supplement.

«We believe that Greece fulfils its obligations (in the framework of the bailout — ed.). We believe that it is time for the next tranche, because the uncertainty has already started to affect negatively the economy of Greece, and the objective reasons for this. We believe it is important to complete the second assessment and move forward in the transfer of the next tranche,» — he said.

In the framework of the third program of financial aid for several months can not complete the second assessment with representatives of the creditors of country compliance with the laid down in the bailout program, including implementation of painful reforms. The EC said that Greece had fulfilled its obligations, but without formal completion of the second evaluation, the money transfer is impossible.

Greece needs a new tranche in the coming weeks to pay in July the debts to the ECB and other creditors amounting to about 7.5 billion euros.

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