Eurozone approves €7.5 bn in funds for Greece
The Eurozone has approved €7.5 billion (about $8.46 billion) in bailout funds for Greece, in what will be the first payment since 2015. Officials said this will allow the country to meet €3.5 billion in debt repayments to the European Central Bank in July. Notably, Greece owes its creditors over €300 billion, approximately 180% of its Gross Domestic Product (GDP).