Greece wins bailout funds from creditors

Q.  Greece has signed an agreement with how many eurozone nations for debt relief?
- Published on 26 May 16

a. 14
b. 15
c. 17
d. 19

ANSWER: 19
 
Greece has won an essential batch of bailout funds from global creditors following an agreement among 19 eurozone finance ministers and can look forward to debt relief in the future.
  • The ministers approved current reform efforts and disburse 10.3 billion Euro in funds to see Athens through the next few months
  • We now have global agreement opens the way for significant disbursement for much needed fun dinging for Greece and important measures
  • First disbursement of 7.5 billion euros could begin by the middle of next month with other disbursements coming after summer.
  • The global agreement opens the way for significant disbursement of much needed funding for Greece and important measures on debt relief
  • Breakthrough comes after talks instead of easy approval

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