Greece will receive next bailout says EU commissioner

ANKARA

Greece will receive the next tranche of bailout aid from its European creditors, EU Economics Commissioner Pierre Moscovici said Thursday.

Speaking on Europe 1 radio, Moscovici said: “Greece has completed a certain number of reforms and we are going to give them money, 3 billion euros [$3.4 billion].”

In November, the Eurogroup and Greece’s institutional creditors - the International Monetary Fund, the European Central Bank and the EU - would examine the issue of recapitalizing Greek banks, he added.

Moscovici declared the bailout program on track and on schedule.