eurozone ministers approve first tranche of greek bailout funds
Last Updated : GMT 09:07:40
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Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Eurozone ministers approve first tranche of Greek bailout funds

Egypt Today, egypt today

Egypt Today, egypt today Eurozone ministers approve first tranche of Greek bailout funds

Greek Finance Minister Euclid Tsakalotos
Luxembourg - Arab Today

Eurozone finance ministers on Wednesday formally approved the first tranche of a new 86 billion euro ($95-billion) bailout for Greece after parliaments in member states backed the move.

"The Board of Governors of the European Stability Mechanism approved today the ESM managing director's proposal for a financial assistance agreement with Greece," the board said in a statement.

A source close to the matter said Greece will immediately receive a sum of 23 billion euros that will allow Athens to make a loan repayment of 3.4 billion euros due Thursday to the European Central Bank.

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eurozone ministers approve first tranche of greek bailout funds eurozone ministers approve first tranche of greek bailout funds



 
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