Arab Today, arab today eurogroup agrees to release installment of 49 bln euro to greece
Last Updated : GMT 19:47:11
Arab Today, arab today
Arab Today, arab today

Eurogroup agrees to release installment of 49 bln euro to Greece

Arab Today, arab today

Arab Today, arab today Eurogroup agrees to release installment of 49 bln euro to Greece

Brussels - KUNA

Finance ministers of the 17-member Eurogroup meeting here Thursday agreed to release the next installment for a total amount of 49.1 billion euro for Greece to save the country from bankruptcy. The disbursement will be made in several tranches. Up to 34.3 bln euro will be paid out to Greece in the following days, they said in a statement. The remaining amount will be disbursed in the first quarter of 2013. \"The Eurogroup is convinced that continued fiscal and structural reforms... already carried out will allow the Greek economy to return to a sustainable growth,\" it added.

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