European Creditors Freeze Funds for Greece as Overhauls Stall

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European Creditors Freeze Funds for Greece as Overhauls Stall
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The eurozone delayed the release of $1.12 billion of funding for Greece, in a sign of concern that Athens is backing away from promised economic overhauls

The €1 billion, representing some of the profit that eurozone central banks made on Greek government bonds during the country’s debt crisis, was promised to Athens if it continued to overhaul its economy after the end of its international bailout program last year.

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