Greece approved to get more bailout funds after completing reforms
‘Eurogroup ministers have agreed to release another €2.8 billion of Greece’s bailout program after Athens carried out the required reforms relating to tax, pensions and privatization of state assets.
The payment will be split in two installments, with an immediate release of €1.1billion and the remaining €1.7 billion to be paid in two weeks. Athens will use the money for paying interest on debts and clearing debt arrears.
“The money will come, don’t worry,” the Eurogroup head Jeroen Dijsselbloem said, describing the delay as a “technical glitch,” not a political decision.’
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