ESM agrees to release 8.5 billion euro tranche of Greece bailout


The board of the European Stability Mechanism approved the release of a third tranche of bailout funds to Greece worth 8.5 billion euros  on Friday, the ESM said on Twitter.

"ESM Board of Directors just approved the 3rd tranche of 8.5 billion euros of ESM financial assistance to Greece; details will follow," read the tweet from the Luxembourg-based euro zone bailout fund.