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Greek Bank Review Holds Key to 3 Billion-Euro Payment, EU Says

  • EU's Wieser says Greece to get those funds in two portions
  • Second disbursement to be tied to financial-sector reforms
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Tsipras' Task: What Is First on His List?

Greek Prime Minister Alexis Tsipras will need to enact banking-sector reforms to unlock 3 billion euros ($3.4 billion) in bailout funds set aside for Europe’s most indebted nation, according to Thomas Wieser, head of the Euro Working Group.

The money is slated to be paid out in two installments if Tsipras and euro-area nations can reach a deal on specific conditions for release, Wieser, who prepares euro-area finance ministers’ meetings, said in an interview on Monday in Brussels.