Greece Could Tap Funds As Soon as Next Week If Deal Done
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Greece could tap euro-area funds of as much as 3.35 billion euros ($3.75 billion) by early July if it can reach a deal with its creditors, thanks to profit-sharing pledges from member nations’ central banks.
Euro-area finance ministers, who control disbursement of profits from the European Central Bank’s Securities Market Program, are considering releasing some of the funds within days if Greece can seal an aid accord with international authorities, according to three officials.