The very critical, and very insufficient 5th bailout tranche to Greece, has now been approved. From Reuters: "Euro zone finance ministers agreed on Saturday to disburse a further 12 billion euros to Greece and said the details of a second aid package for Athens would be finalised by mid-September. After a conference call, the 17 euro zone ministers agreed that the fifth tranche of the 110-billion-euro bailout agreed with Greece in May 2010 would be paid by July 15, as long as the IMF's board signs off on the disbursement.
Euro zone finance ministers are likely to approve the next tranche of loans to Greece on Tuesday although the money is unlikely to be disbursed before December and a deal on debt reduction may need further talks.Officials familiar w... Read Post
Euro zone finance ministers look set to approve a bailout package for Greece although final details are still being worked out. ||| Euro zone finance ministers look set to approve a bailout package for Greece on Monday although fina... Read Post
Euro are finance ministers just approved the sixth tranche of bailout aid from Greece's first bailout last year. The "troika"—European Commission, European Central Bank, and International Monetary Fund—is set to disburse these €8 bi... Read Post