Greece has been cleared to repay almost €7bn of bailout loans ahead of schedule, in a move European officials say will improve the country's debt position.

Greece has been cleared to repay almost €7bn of bailout loans ahead of schedule, in a move European officials say will improve the country's debt position.

The European Stability Mechanism (ESM) on Friday gave Greece the green light to proceed with the early repayment of part of the loans from the first bailout program, amounting to…