March 27, 2018 / 12:10 PM / a month ago

Euro zone bailout fund approves new loans for Greece

BRUSSELS (Reuters) - The euro zone’s bailout fund approved on Tuesday the disbursement of 6.7 billion euros ($8.3 billion) in new loans to Greece as part of its current bailout program, it said in a statement.

Euro coins are seen in front of a displayed Greece flag in this picture illustration, June 29, 2015. REUTERS/Dado Ruvic/File Photo

The decision confirms a political deal reached by the euro zone’s finance ministers earlier in March.

A first tranche of 5.7 billion euros is due to be paid on Wednesday, while the remainder will be disbursed after May 1, the European Stability Mechanism said.

($1 = 0.8070 euros)

Reporting Francesco Guarascio, Editing by Gabriela Baczynska

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