European officials are set to approve a long-delayed €2.8B tranche of aid for Greece after...
European officials are set to approve a long-delayed €2.8B tranche of aid for Greece after the country's parliament passed a reform law Sunday which calls for the dismissal of 15,000 workers by the end of 2014 and the extension of a property tax assessed through citizens' electric bills. The next obstacle for the country is winning approval for a €6B disbursement it needs by May 20 in order to repay a maturing bond held by the ECB.
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