Greece Said in Line for 8.3 Billion-Euro Aid Payment
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Greece is set to receive a commitment from euro-region authorities as soon as next week for a payment of 8.3 billion euros ($11.4 billion) in the next step in the country’s aid program, three officials familiar with the negotiations said.
Greece needs the tranche to avert default in May, when the government has to repay 12.5 billion euros of government debt, including short-term paper, according to data compiled by Bloomberg. The Mediterranean nation has faced repeated delays in accessing the 130 billion-euro bailout package approved in 2012 and has not received a payment since December.