Eurozone releases €7.5bn in bailout funds for Greece

Latest tranche staves off country’s most pressing problems, but there is widespread concern the deal is simply buying time

The prospect of Europe’s febrile politics being injected with another dose of Greek summer drama has been averted after creditors signed off on billions of euros of bailout loans that will enable Athens to make imminent debt repayments.

After months of negotiations over the terms of the €86bn (£68bn) rescue programme thrashed out last year, the country’s third, eurozone lenders said Greece had made enough policy progress to warrant the disbursement of further aid.

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Read the original at Economics | The Guardian.