The euro zone approved the latest €8.5 billion ($9.7 billion) bailout disbursement to Greece on Friday, just in time for Athens to meet major debt repayments and avert default.
“The Board of Directors of the European Stability Mechanism (ESM) today approved the third tranche of €8.5 billion of ESM financial assistance to Greece,” the euro zone bailout fund said inRead more
Germany expects the International Monetary Fund to participate in Greece's bailout programme, a finance ministry spokeswoman said on Wednesday, rejecting a newspaper report that Berlin was preparing for a deal without the global lender.
Divisions over labour reforms, fiscal targets and debt relief have prevented Greece and its foreign lenders from concluding a compliance review of its current bailout programme,Read more