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Eurozone approves 2.8 billion euros in bailout funds for Greece

The Eurozone body said Greek people are steadily making progress in reforming their country

Eurozone officials on Tuesday announced that they have approved 2.8 billion euros for Greece from its huge third bailout after the cash-strapped nation delivered the needed reforms.

“Today’s decision to disburse EUR2.8 billion ($3.0 billion) to Greece is a sign that the Greek people are steadily making progress in reforming their country,” said a statement from the directors of the European Stability Mechanism, the Eurozone body controlling Greece’s bailout loans.

-AFP

(More details awaited)