Luxembourg: Greece to get €8.5bn bailout payment02:33

Luxembourg: Greece to get €8.5bn bailout payment

Luxembourg, Luxembourg
June 16, 2017 at 02:21 GMT +00:00 · Published

Eurogroup President Jeroen Dijsselbloem announced that Greece will receive €8.5 billion ($9.5 billion) in bailout cash to meet its debt repayment due next month, during a press conference in Luxembourg, Thursday.

Dijsselbloem also promised that the Eurogroup will "continue to support Greece in case of a more adverse scenario," after he revealed the recall of the agreement that "in case of unexpected, unexpectedly more adverse scenario an additional contingency mechanism on debt could be activated."

In July the Greek government will apply a wide set of economic reforms aimed at repaying the creditors' loans.

Luxembourg: Greece to get €8.5bn bailout payment02:33
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Eurogroup President Jeroen Dijsselbloem announced that Greece will receive €8.5 billion ($9.5 billion) in bailout cash to meet its debt repayment due next month, during a press conference in Luxembourg, Thursday.

Dijsselbloem also promised that the Eurogroup will "continue to support Greece in case of a more adverse scenario," after he revealed the recall of the agreement that "in case of unexpected, unexpectedly more adverse scenario an additional contingency mechanism on debt could be activated."

In July the Greek government will apply a wide set of economic reforms aimed at repaying the creditors' loans.