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Greece to receive 1 billion euros in euro zone funding this week

A man walks by a row of closed shops at an arcade in central Athens August 26, 2013. REUTERS/John Kolesidis
A man walks by a row of closed shops at an arcade in central Athens August 26, 2013. REUTERS/John Kolesidis

BRUSSELS (Reuters) - The euro zone will send Greece 1 billion euros ($1.4 billion) this week as part of its international bailout program, the head of the Eurogroup said on Tuesday.

Jeroen Dijsselbloem, who chairs the meetings of euro zone finance ministers, said Greece had taken necessary steps for the payment by modernizing the country's public sector, overhauling its legal system and paving the way for the privatization of two water companies.

($1 = 0.7271 euros)

(Reporting by Jan Strupczewski)

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