Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Finance ministers meet in Brussels today on the margins of an EU leaders summit. Yves Logghe/AP/Press Association Images

Eurozone finance ministers agree in principle on first Greek bailout payment

Greece needs the money to finance a massive debt relief deal with bondholders.

THE FINANCE MINISTERS of the 17 euro countries say they have agreed in principle to give Greece the first batch of bailout money to finance a massive debt relief deal with private investors.

However, they said today that a final sign off for the as much as €93.5 billion Greece needs to implement the debt swap will come next week, once Athens has passed “a few pending implementing acts” for promised austerity measures.

The ministers also want to see how many banks and investment funds will actually participate in the bond swap.

A successful implementation of the €107 billion debt relief deal is a precondition for Greece to receive the rest of the €130 billion bailout.

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Close
3 Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.
    JournalTv
    News in 60 seconds