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Greece is Expected to Be Approved for a $10.4 Billion Aid Program

“Euro-area finance ministers will probably approve the latest disbursement of bailout aid toGreece when they meet in Brussels later today, a European Union official said.

Teams from the so-called troika that oversees euro-zone bailouts reached a staff-level agreement with the Greek authorities on the policies needed to ensure that the country’s aid program “is on track to reach its objectives,” the troika said in a statement.

The troika comprises the European Commission, the European Central Bank and the International Monetary Fund. The IMF’s Executive Board is also due to consider approving the Greek review this month, according to the statement.

Approval of the agreement at the meeting of euro-area finance ministers that begins at 3 p.m. in the Belgian capital would be a first step toward Greece, which has been unable to tap bond markets since 2010, receiving payments of 8.1 billion euros ($10.4 billion)….”

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