Eurasia Press & News
European Union leaders have cleared the release of second bailout package for Greece by the end of the week. This is to enable Greece avoid a default on paying back €14.5 billion debts due on March 20.
Finance ministers of the euro group, during a two-day meeting in Brussels on Thursday, kicked off the preparations to release the first tranche of the €130 billion rescue package.
The ministers expressed satisfaction over the progress made by Greece in implementing wide-ranging reforms and austerity measures.