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.
The International Monetary Fund has announced another financial boost for Greece in support of making the crisis-hit country's debt more sustainable, but continues to insist on a debt cut from the EU.
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.
Europe's financial recovery continued at a steady pace amid a number of uncertainties in the market. The official eurozone figures were better than estimates of 9.2 percent from data company Factset.
Ahead of crunch eurozone talks on Thursday, France's new finance minister, Bruno Le Maire, said a deal on debt relief for Greece was close. The issue has caused a rift among creditors, in particular Germany and the IMF.
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