Lenders agree new loan disbursement, piecemeal approach to debt relief

PoliticsGreek Politics

Eurozone finance ministers reached an agreement on the conditions for a disbursement of 10.3 billion euros for Greece early on Wednesday, along with a looser deal on debt relief that may lead to the International Monetary Fund remaining involved in the Greek programme.

Regarding the disbursement of fresh funds for Athens, the Eurogroup decided after 11 hours of talks that the transfers will be split into two. Greece is due to receive 7.5 billion euros in June to cover its debt servicing needs and reduce some of its do...

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