Eurozone ministers strike deal to release funds to Greece

Friday, 16 June 2017 - 10:03

Eurozone+ministers+strike+deal+to+release+funds+to+Greece

Eurozone ministers have struck a deal to unlock the latest tranche of Greece's bailout cash.

The bailout fund will disburse €8.5bn (£7.4bn) to Greece, eurozone ministers said in a statement.

The latest tranche of the international bailout will help avert a fresh debt crisis in July when the next €7bn euro repayment of loans becomes due.

The payment is still subject to parliamentary approvals in some countries.



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