Eurozone to unlock new loans to Greece

Reuters BRUSSELS (Reuters) — Eurozone creditors are expected to disburse new loans to Greece this month and are working on debt relief measures, the head of the bloc’s finance ministers said on Monday, steps that should help underpin its economic recovery.

Greece’s €86 billion bailout program, its third since 2010, is due to end in August and international lenders are debating how to ensure the country makes its exit on a sustainable footing.

Among options under consideration in Brussels are support measures that could run into tens of billions of euros and help ease servicing costs on a public debt pile that, in terms of economic output, is among the biggest in the world.

Greece’s economy expanded by 1.6 percent last year after emerging from a long recession. The European Commission forecast growth of 2.5 percent this year and next, but that rate could slow if reforms stall after strict monitoring by the lenders ceases.Speech

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