Finance ministers of the 17-member Eurogroup meeting here Thursday agreed to release the next installment for a total amount of 49.1 billion euro for Greece to save the country from bankruptcy.
The disbursement will be made in several tranches. Up to 34.3 bln euro will be paid out to Greece in the following days, they said in a statement. The remaining amount will be disbursed in the first quarter of 2013.
"The Eurogroup is convinced that continued fiscal and structural reforms...
already carried out will allow the Greek economy to return to a sustainable growth," it added.