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Greece to get 49 billion euros in bailout aid through March

Other News Materials 13 December 2012 16:19 (UTC +04:00)
Eurozone finance ministers have authorized a total of 49.1 billion euros (64 billion dollars) in bailout aid to be released to Greece, dpa reported.
Greece to get 49 billion euros in bailout aid through March

Eurozone finance ministers have authorized a total of 49.1 billion euros (64 billion dollars) in bailout aid to be released to Greece, dpa reported.

A first tranche of 34.3 billion euros is to be disbursed "in the following days," with the rest to follow "in the first quarter of 2013," the ministers said in a joint statement.

Last week, the ministers had preliminarily agreed to a total of only 43.7 billion euros. The extra 5.4 billion euros were released on Thursday to help finance a debt buy-back programme being carried out by Athens, German Finance Minister Wolfgang Schaeuble said.

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