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The third tranche, by contrast, was upbeat.
On May 4th, it published the third tranche of its fourth report.
Late last week, Labor released the third tranche of its innovation strategy.
Talks are currently under way between government officials and IMF representatives about the release of a third tranche, worth US$875m, of the emergency funding package.
Now, though, the shares are worth only about euro27 ($23.90), compared with a price of euro66.50 for last June's third tranche.
What's more, Draghi seemed to signal that there would not be a third tranche of the long-term refinancing option (LTRO), the European version of QE.
Similar(30)
"But this is only the first tranche.
This report is the second tranche of its latest effort.
The second tranche of lending is almost five months overdue.
The second tranche has begun to take losses.
Here is a list of the first tranche.
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CEO of Professional Science Editing for Scientists @ prosciediting.com