New data shows that Greece far exceeded its creditors demands for budget savings last year, presenting a strong case for unlocking more bailout funds. So far about 245 billion euros have gone to the country, with Germany footing most of the bill.
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.
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.
Eurozone ministers, including its most powerful official Wolfgang Schäuble, are optimistic about reaching a bailout deal with Greece. But Athens will have to wait longer for a deal on future debt relief.
Greece and its creditors have come to a compromise after showdown talks over the latest bailout package in Malta, according to reports. It means Athens will be able to receive a second tranche from the 2015 agreement.
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