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UPDATE 1-Euro zone lenders approve Greek aid tranche, payment on Mon- sources
July 26, 2013 / 9:11 AM / in 4 years

UPDATE 1-Euro zone lenders approve Greek aid tranche, payment on Mon- sources

BERLIN/ATHENS, July 26 (Reuters) - Officials working for euro zone finance ministers signed off on the payment of the next batch of aid for Greece on Friday and the money will be disbursed on the approval of member states on Monday, euro zone officials said.

“Approval is now given, national procedures will be finalised by Monday noon,” one senior euro zone official said.

Greece adopted on Thursday the last piece of legislation international lenders required to unlock 5.8 billion euros of aid from the euro area, its national central banks and the International Monetary Fund.

Deputies of euro zone finance ministers approved the payment at a conference call at 0830 GMT on Friday.

Germany this week postponed signing off on the disbursement until next Monday to ensure all conditions are met, but officials said German approval was now a mere formality.

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