European finance ministers said Tuesday that their governments have agreed to release their shares of an 8 billion euro ($10.7 billion) bailout to Greece that the nation needs in order to avoid a default, AFP reports, citing a European Union diplomat.
Ministers from the other 16 euro-zone states have accepted that the conditions imposed on Greece have now been met.
The euro-zone states are on the hook for 5.8 billion euros while the International Monetary Fund will pick up the rest, the wire service noted.
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