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Chris -- 2018-04-11
As its finances crumble, Greece heads for the trenches, if you can credit the international financial press. Having heard on the radio, twice this past week, the use of the French loanword tranche, i.e. “slice, cut, instalment, disbursement”, to describe the financial aid being offered to Greece, I suspected that not everyone’s babelfish would be fully awake and functioning. The notion that the aid for Greece is coming in “trenches” presents a drole image of troughs, sluices and defensive last stands.
The markets still expect Greece to get the next trench of aid from the IMF, but now there is more doubts.
That moves Greece a little bit closer to securing the next trench of aid – around €8 billion – from the IMF and EU.
inspectors from the so called Troika- The International Monetary Fund (IMF), European Union (EU) and European Central Bank have to yet to decide whether Greece should receive the next trench of bailout.
World business press