The measure is intended to solve the problem created by the fact that the troika and the Greek government have not yet managed to finalize successfully the last evaluation of the program and the consequent approval of the last tranche of the loan. The troika program ends later this year and would not be possible Dijsselbloem said, complete this assessment in time.
The solution passes, so the request from Greece for an extension of the current program, which should be done officially already Tuesday. Countries that need to approve this extension together their parliaments will now start a race against time to be able to do before the end of the year.
Reuters had advanced that the European Commission advocated the extension of the program for six months, but the government Antonis Samaris, grappling with the possibility of the Government fall (if you can not elect a parliamentary vote the president), want the program to the end to be achieved as soon as possible. Greece may then move to a precautionary program with lower requirements.
Portugal at the end of your program, faced a similar situation, since he could not complete the last assessment before the date set for the end of the program . Portugal opted however by giving up a program extension, ending it immediately, but was not paid the last tranche of the loan. The journalist traveled at the invitation of the European Commission
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