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The Eurogroup, chaired by Jeroen Dijsselbloem (c) will decide on 24 May how much to disburse for the next tranche of aid to Greece. (Photo: Consillium)

Greece and EU make progress on bailout deal

Greece and its European creditors have reached agreement on measures required to unblock a new tranche of aid. It appears that the size of the tranche could double the €5-6 billion initially planned.

The agreement on a package designed to save €5.4 billion on the Greek budget was confirmed by an EU official on Friday.

It follows a vote last week by the Greek parliament of two laws reforming the pension and the income tax systems, which are still being examined by experts from the...

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The Eurogroup, chaired by Jeroen Dijsselbloem (c) will decide on 24 May how much to disburse for the next tranche of aid to Greece. (Photo: Consillium)

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