July 12, 2018 / 5:54 PM / 9 months ago

Greece set to get last bailout loan in August - Centeno

Portugal's Finance Minister and Eurogroup President Mario Centeno attends an eurozone finance ministers meeting in Brussels, Belgium July 12, 2018. REUTERS/Francois Lenoir

BRUSSELS (Reuters) - Euro zone 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 euro zone countries, with a final decision to be taken as soon as national procedures were concluded in Germany.

“I expect this to happen in the beginning of August,” Centeno said.

EU economics commissioner Pierre Moscovici said there were no doubts the money will be disbursed but it “will take just a bit longer than expected” for the actual payment.

($1 = 0.8561 euros)

Reporting by Philip Blenkinsop and Francesco Guarascio

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