March 27, 2018 / 12:12 PM / a year ago

Euro zone bailout fund approves new loans for Greece

Euro coins are seen in front of a displayed Greece flag in this picture illustration, June 29, 2015. REUTERS/Dado Ruvic/File Photo

BRUSSELS (Reuters) - The euro zone’s bailout fund approved on Tuesday the disbursement of 6.7 billion euros ($8.3 billion) in new loans to Greece as part of its current bailout program, it said in a statement.

The decision confirms a political deal reached by the euro zone’s finance ministers earlier in March.

A first tranche of 5.7 billion euros is due to be paid on Wednesday, while the remainder will be disbursed after May 1, the European Stability Mechanism said.

($1 = 0.8070 euros)

Reporting Francesco Guarascio, Editing by Gabriela Baczynska

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below