Eurozone OKs EUR 1 B in Aid for Greece

The Finance Ministers of Eurozone member states approved Tuesday EUR 1 B in financial aid for Greece.

Eurogroup President Jeroen Dijsselbloem, as cited by DPA, announced Tuesday that Greece had met four milestones set by its international creditors.

In order to qualify for the aid, Greece had to restructure its public sector by including 12 500 civil servants in a mobility scheme.

The troika of creditors, the European Union, the European Central Bank and the International Monetary Fund, also demanded that Greece restructure or close three state-owned companies intended for privatization.

A negotiating team of the troika is to return to Athens in January 2014.

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