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Greece To Receive Second Bailout Loan This Month

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Greece To Receive Second Bailout Loan This Month

Business

Greece To Receive Second Bailout Loan This Month

Greece To Receive Second Bailout Loan This Month

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Greece has taken almost all the action needed to secure a second bailout from eurozone countries, according to the head of the European currency group. The first loan can now be paid out by March 20, as long as Greece completes a bond swap between Athens and private investors, which should cut the nations privately-held debt in half.

RENEE MONTAGNE, HOST:

NPR's business news starts with what else? Greece's bailout.

Greece has almost taken all the action needed to secure a second bailout from the eurozone countries, according to the head European currency group. The first loan can now be paid out by March 20th, as long as Greece completes a bond swap between Athens and private investors, which should cut the south European nation's privately held debt in half.

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