Press Release: European Commission considers Greece meets the conditions to receive the second instalment of loans by euro area Member States

The European Commission, on 19 August 2010, assessed measures taken by Greece to comply with the Council Decision of 10 May 2010 to remedy the situation of excessive deficit. The Commission has also published a report in the context of the economic adjustment programme financed by the euro-area Member States and the International Monetary Fund. The Commission considers that the overall positive assessment of compliance paves the way for the next tranche of loans and it expects the euro-area Member States to approve and disburse this second instalment.