German Fin Min Schaeuble: Oustanding Greek aid will be paid in steps

made good progress yesterday on Greece, Tranches will be paid into a special account.

• Some technical questions remain, need transparency in furthering the program, but optimistic on Nov 26 Ecofin meeting in Greece
• A Greek bond buyback may cost Eur10bln
• Germany seeks interest rate cut on Greece’s first package
• Bundestag will vote on the Greek program revamp on Nov 30