The European Commission firmly believes Greece has done enough to secure an authorization to obtain bailout funds at a June 16 gathering of eurozone finance ministers.

According to Economic Affairs Commissioner Pierre Moscovici, officials will be in rightful place to determine whether to provide the bailout fund amounting to €10.3 billion ($11.7 billion) in different tranches.

Greece and international creditors concluded rounds of reforms needed to obtain the money in May. However, certain details remained unsettled.

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