ATHENS, Greece—Greece was receiving the first 13 billion-euro ($14.5 billion) payment of its new bailout Thursday, with 12 billion euros earmarked for repaying debts and the remainder for settling arrears to public sector suppliers.
Athens was using the funds to repay a 3.2 billion euro ($3.5 billion) debt installment due Thursday to the European Central Bank — an amount it could not have afforded to repay without the bailout from 18 other European nations that share the euro currency with Greece.
