Eurogroup finance ministers approved the release of 7.5 billion euro in bailout funding to Greece during a meeting in Luxembourg held Thursday.
Greek finance minister Euclid Tsakalotos said the government’s focus would now shift toward growth over the coming year.
Eurogroup chief Jeroen Dijsselbloem said: “Greece has made a lot of progress on all the prior actions and the steps that were taken”.
“This is a welcome breath of oxygen for the Greek economy,” European Economic and Monetary Affairs Commissioner Pierre Moscovici said.
Greece’s creditors issued a revised list of privatisations to the country’s government that include the supplementary memorandum that the euro zone finance ministers approved Thursday.
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