Greece, creditors near deal on next slice of rescue money

Greece, creditors near deal on next slice of rescue money

BRUSSELS (AP) — Greece & its creditors are close to sealing a deal on conditions that Athens must respect to obtain the next slice of rescue money.

The country has already received this week approval for a 2 billion euro loan, & is negotiating on more economic measures needed to obtain another 1 billion euros.

European Commission spokeswoman Mina Andreeva said Friday the sides have "agreed broadly the second set of milestones."

p>She said that when the details are ironed out "this of course would unlock the disbursement of the final one billion euros still available."

That would moreover allow for an significant review of Greece's handling of its austerity program, which is required to secure international credit.

Andreeva said the implementation of pension reforms "is a key part of the first review."

BusinessEuropean Commission

Source: “Associated Press”

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