Greece’s lenders are meeting in Luxembourg to discuss the country’s debt crisis. Despite clashes over the question of debt relief, eurozone leaders and the IMF are expected to unlock as much as 8 billion euros in a much-needed fresh loan.
Debt-stricken Greece has confirmed its economy expanded last year despite a dip in the country's outbound shipments. The statistics office said growth was attributable to a surge in corporate investment.
Eurozone finance ministers have reached a "political agreement" to grant Greece €6.7 billion in bailout money. The ministers praised Greece's progress, putting it on track to leave its bailout program this year.
Greece's latest tranche of bailout cash has been agreed by 19 eurozone ministers meeting in Luxembourg. It includes steps to foster Greek growth and a stand-by promise from the International Monetary Fund.
The International Monetary Fund has urged eurozone finance ministers to be more specific in their commitment to a debt relief package for bailed-out Greece. It's a sensitive issue in pre-election Germany.
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