Eurozone okays 2.8b euros in bailout funds for Greece

AFP, LUXEMBOURG: Eurozone officials announced yesterday they have approved 2.8 billion euros for Greece from its huge third bailout after the cash-strapped nation delivered the needed reforms.
Following the latest disbursement approved by the European Stability Mechanism (ESM), Greece will have received 31.7 billion euros of the 86-billion-euro bailout granted in July 2015, its third since being engulfed by debt in 2010.
“Today’s decision to disburse 2.8 billion euros ($3.0 billion) to Greece is a sign that the Greek people are steadily making progress in reforming their country,” the ESM’s managing director Klaus Regling said in a statement.

Eurozone okays 2.8b euros in bailout funds for Greece

AFP, LUXEMBOURG: Eurozone officials announced yesterday they have approved 2.8 billion euros for Greece from its huge third bailout after the cash-strapped nation delivered the needed reforms. Following the latest disbursement approved by the European Stability Mechanism (ESM), Greece will have received 31.7 billion euros of the 86-billion-euro bailout granted in July 2015, its third since being engulfed by debt in 2010. Todays decision to disburse 2.8 billion euros ($3.0 billion) to Greece is a sign that the Greek people are steadily making progress in reforming their country, the ESMs managing director Klaus Regling said in a statement.