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Greece closing in on next bailout payment

Greece closing in on next bailout payment | iNFOnews.ca
The shadow of a demonstrator waving a flag is cast on a wall as a Greek police officer secures the Greek Parliament during a protest in central Athens, Wednesday, June 15, 2016. Several thousand anti-government protesters gathered in central Athens Wednesday to demand the resignation Prime Minister Alexis Tsipras, accusing his government of breaking promises to end austerity and sinking the country deeper into financial distress.(AP Photo/Petros Giannakouris)

BRUSSELS – The eurozone’s top official says Greece is on track to get 7.5 billion euros ($8.4 billion) in bailout funds from international creditors.

After eurozone nations approved Greece’s recent reform efforts last month, Dutch Finance Minister Jeroen Dijsselbloem said Thursday that an agreement has been reached also with the officials running the bailout fund. He said that “paves the way” for the disbursement, likely at the start of next week.

The sum is part of a total of 10.3 billion euros ($11.5 billion) that the 19 eurozone finance ministers approved last month to see Athens through the next months.

More disbursements are expected after the summer.

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