A protesting high-school teacher chants slogans in central Athens, Monday, July 22, 2013. The government is planning to put 2,000 teachers in a mobility scheme, for involuntary public sector transfers, as part of a new round of austerity cuts that have triggered fresh union protests. (AP Photo/Thanassis Stavrakis)
Friday, July 26, 2013 6:43 am
Greece's rescue creditors clear new batch of loans
The Associated Press
European Commission spokesman Simon O'Connor said the decision was made by deputy finance ministers of the 17-country eurozone on Friday, pending some national approval procedures to be concluded Monday.
He added that Greece will also get a 1.5 billion-euro payout stemming from profits on bonds bought by the European Central Bank under a now-defunct bond-buying program.
Greece has approved new debt reduction measures, including thousands of public-sector job cuts, to meet the conditions that are part of its 240 billion-euro rescue package from its EU partners and the International Monetary Fund.