BRUSSELS — In a story July 8 about (topic), The Associated Press reported erroneously that Greece's recession began in 2007. The correct year was 2008.
A corrected version of the story is below:
Greece approved to get next rescue loan payments
Greece to get $8.7 billion in rescue loans in coming months, even though reforms are slow
By SARAH DiLORENZO and RAF CASERT
Associated Press
BRUSSELS (AP) — Greece secured a much-needed 6.8 billion euros ($8.7 billion) in rescue loans Monday after squeaking by an inspection from its international creditors, who are demanding it slash thousands of civil servant jobs and government spending.
Experts from the European Central Bank, the European Union and the International Monetary Fund said Greece's finances are improving, although they warned that it is making reforms too slowly and that the outlook for its economy, which has been in recession since 2008, remains uncertain.