Athens Expects Eurogroup to Approve $3.2Bln-Aid Disbursement in October - Source

Athens expects the 2.8-billion-euro ($3.2-billion) disbursement of the second tranche of international financial aid to Greece to be approved at the Eurogroup's meeting in October, a source in the Finance Ministry told journalists on Friday.

ATHENS (Sputnik) — Earlier in the day, a group of Greek officials comprising Greek Finance Minister Euclid Tsakalotos, Economy Minister Giorgos Stathakis and Deputy Finance Minister Giorgos Huliarakis met with the creditors to discuss the progress of the implementation of reforms needed for the disbursement.

According to the source, the conditions needed for the Eurogroup to approve the loan would be implemented within the next few days.

The tranche is part of the bailout package worth 86 billion euros ($96 billion) agreed in 2015 between Athens and Greece's international creditors in return for reforms and austerity measures to be implemented in the debt-stricken country.