Dijsselbloem: Greece Creditors Ready to Pay out 12bn Euros

Greece's international creditors are ready to pay out 12 billion euros ($12.9 billion) in much needed bailout funds and bank aid, Eurogroup chief Jeroen Dijssebloem said on Tuesday.

"This is good news," Dijsselbloem said in a statement, adding that the funds would be paid once the Greek parliament adopts fresh reforms on Thursday.

Athens earlier announced a deal for the long-delayed payment of two billion euros in bailout funds and ten billion euros for the recapitalization of Greek banks that shut during the crisis.

The tranche is part of a three-year, 86-billion-euro ($93-billion) EU bailout that Greece accepted in July to save it from saved it from crashing out of the eurozone.

But the deal came with strict conditions, with Athens having since adopted a number of the unpopular reforms but creditors demanding that it should do still more.

Dijsselbloem, the Dutch finance minister, said that "substantive agreement has been reached on all outstanding issues" regarding the current steps that Athens must take.