Tuesday, November 17, 2015

Greece secures deal to unlock 12 billion euros in bailout funds

Greece announced on Tuesday it has struck a deal with its international creditors to unblock some 12 billion euros in much-needed bailout loans.

“We have reached agreement on everything, including the 48 additional measures” that should allow the 12 billion euros ($12.8 billion) to be paid out on Friday, Finance Minister Euclid Tsakalotos told reporters after marathon talks.

“This is good news,” Eurogroup chief Jeroen Dijsselbloem said in a statement released in Brussels, adding that the funds would be paid once the Greek parliament adopts fresh reforms on Thursday .... http://tribune.com.pk