EU has made provisions for bridge loans to Greece

August 14, 2015 7:02 AM

36 0

Aug 14 The European Commission has made provisions for a further 6.04 billion euros ($6.73 billion) in bridge financing for Greece in case the planned third bailout for Athens is not ready as quickly as hoped, according to an EU paper seen by Reuters.

Around 4.4 billion euros should be used to make debt repayments to the International Monetary Fund (IMF) and the European Central Bank (ECB), while 1.67 billion should be used to exempt non-euro zone countries from liability.

Also read: Monte Paschi sees 4.8 bln euro loss in 2016 after capital plan

Read more

To category page