Euro Area Agrees on 86 Billion-Euro Bailout Deal for Greece
Greece Begins to Repay Debts as Bailout Comes its way...
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Euro-area finance ministers signed off on a bailout program for Greece of as much as 86 billion euros ($95 billion), paving the way for the nation to pay its bills and begin to rebuild its economy.
Greece is due to receive a first installment of funds from the European Stability Mechanism on Thursday, in time to pay the European Central Bank and clear its arrears with other creditors. Finance ministers approved the bailout deal on a Wednesday conference call.