Greece meets first reform package and receives two billion

Greece has made all the reforms envisaged in a first package of measures agreed with creditors of the Euro zone. Therefore, the ESM approved the payment of two billion Euros linked to the first set of targets.

«On the basis of a notification of final fulfillment it was agreed that Greek authorities completed the first set of objectives and measures in the financial sector essential to a successful recapitalization process,» said the head of the Finance Ministers of the Euro zone, Jeroen Dijsselbloem. Athens will receive a total ten billion euros in the third rescue, money that will be used to stock the Greek banking sector.