Euro Group the green light to two grants totaling 7.5 billion euros, Greece

Euro Group, the second installment of financial aid for Greece totaling 7.5 billion euros.

I met Aaron digital cell Bora winds Euro Group President declared the Minister. Archive Eurozone has approved a grant to the second installment of Greece. Representing a total value of 7.5 billion euros or 9.7 million U.S. dollars.

The digital cell Bora wind revealed to reporters that Subsidy is the first installment of 4.2 billion euros. Will be approved in the next few days. This will be disbursed by the European Financial Stability Fund (EFSF), the remaining portion of the 3.3 billion euros it. Expected to be disbursed in June. York. This will depend on the progress of the economic recovery of Greece.The decision was made after the eurozone has issued a statement expressing satisfaction that after this meeting. "Greece has significantly more progress in the implementation of fiscal and structural reform measures. As has been previously agreed upon. "The Euro Group also identified. "Greece can recover quickly and cost competitiveness" while also calling on Greece to reform its marketing and service. To enhance competition costs more robust.