Euro-Area Finance Chiefs Approve Sixth Aid Payment to Greece
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Euro-area finance ministers signed off on a 5.8 billion-euro ($8.1 billion) loan to Greece under last year’s bailout as European leaders reopened talks on a new aid package that will involve writedowns on Greek debt.
The green light for the sixth disbursement of funds under the fully taxpayer-funded package of 110 billion euros shifted the spotlight to the role of bondholders in a bigger second rescue for Greece.