European Stability Mechanism Authorizes $1Bln Tranche to Greece
![European Stability Mechanism Authorizes $1Bln Tranche to Greece](http://cdn2.img.sputniknews.com/images/102635/13/1026351383.jpg)
The Eurozone's bailout fund has approved the allocation of the remaining 1 billion euro ($1.09 billion at the current exchange rate) to Greece as part of the first tranche of its new bailout package, the European Stability Mechanism (ESM) announced Tuesday.