Greece to Get Bulk of 3 Billion Euro Bailout This Month

2.5 billion now, half a billion in October

Eurozone finance ministers on Monday approved the payment of EUR 3 billion of aid package to Greece in two tranches, but on strict conditions to restructure the economy.

The first tranche of EUR 2.5 billion will be paid this month and the remaining EUR 0.5 billion in October. Athens has to fulfill its agreed commitments in July itself.