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Donald Tusk

Greece gets new funds approved by eurozone creditors

Greece has won an essential batch of bailout funds from international creditors following agreement among the 19 eurozone finance ministers and can start looking forward to debt relief in the future.

After the ministers approved Greece's recent reform efforts, they decided early Wednesday to disburse 10.3 billion euros ($11.5 billion) in funds to see Athens through the next months.

The first disbursement of 7.5 billion euros ($8.4 billion) could already begin by the middle of next month with other disbursements coming after the summer, pending positive feedback from European institutions.

"We now have global agreement which opens the way for a significant...

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