Greece Enters Next Bailout Phase as Day-After Talks Near
- Euro-finance ministers tenatively approved review conclusion
- Next aid slice to be given once it completes milestones
Latvia's Reizniece-Ozola on German Government, Banking Union, ECB Elections
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Greece has neared a key milestone in its financial-crisis history, as its creditors started discussing better repayment terms for its bailout loans and a smooth withdrawal of the lifeline keeping the country afloat since 2010.
Euro-area finance ministers meeting in Brussels tentatively signed off on the latest set of economic overhauls the Greek government legislated, and agreed to disburse 6.7 billion euros ($8.2 billion) in aid starting February. Still, as some of the terms attached to the latest bailout review remain to be completed, the ministers called on Greece to complete outstanding reforms “as a matter of urgency.”