Greece Secures Bank Funds as Tsipras Seeks to Build Consensus
- Euro area agrees to dirbursements for banks' recapitalization
- Tsipras says will seek dialog with opposition after mutiny
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Euro-area member states agreed to disburse the funds necessary for the recapitalization of Greece’s battered banks, as Prime Minister Alexis Tsipras sought consensus from opposition parties, following defections that whittled down his slim parliamentary majority.
Finance ministry officials from the currency bloc agreed “that the Greek authorities have now completed the first set of milestones and the financial sector measures that are essential for a successful recapitalization process,” Dutch Finance Minister Jeroen Dijsselbloem said in a statement Saturday.