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The Boston Globe

Business

EU releases $3.7b in loans to Greece

Parliament OK’s cutting 15,000 civil service jobs

ATHENS — Eurozone officials on Monday approved the release of $3.7 billion in loans to Greece, the country’s Finance Ministry said, paving the way for the approval of an additional $7.9 billion installment at a meeting of the currency union’s finance ministers in mid-May.

The Greek Parliament late Sunday approved a controversial plan to dismiss 15,000 civil servants by the end of next year as part of a new package of economic measures asked for by Greece’s foreign creditors: the International Monetary Fund, the European Central Bank, and the European Commission.

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