The troika of international creditors to Greece has said the country’s economy will start growing again next year and it will be able to contain its debts.
The troika, which includes the European Commission, the European Central Bank (ECB) and International Monetary Fund (IMF), said the next slice of financial support would be released soon.
The release of the funds follows a review by the troika.
They said Greek debt was containable.
Greek debt is currently 160% of the country’s gross domestic product (GDP) and the IMF says it must be cut to 120% of GDP to be sustainable.
The troika recently reviewed the country’s economic progress.
They said eurozone countries could soon approve the release of 8.8bn euros (£7.5bn; $11.5bn).
In a statement, they said: “The disbursement of the related 2.8bn euros from the EFSF [European Financial Stability Facility] tranche remaining from the previous review could be agreed soon by the euro area member states.”
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