Greece's euro partners OK €26bn in new loans

2015-08-15 12:56
Jeroen Dijsselbloem (AP)

Jeroen Dijsselbloem (AP)

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Brussels - Finance ministers of the 19-nation euro single currency group have approved the first €26bn ($29bn) of a vast new bailout package to help rebuild Greece's shattered economy.

Eurogroup chair Jeroen Djisselbloem said on Friday that "of course there were differences, but we have managed to solve the last issues".

The move saves Greece from a disorderly default on its debts which could have come as soon as next week and helps to cement its membership of Europe's single currency.

Read more on:    greece

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