EU countries approve €7bn short-term loan to Greece

GMT 14:12 2015 Friday ,17 July

Arab Today, arab today EU countries approve €7bn short-term loan to Greece

An EU and a Greek flag in front of the ancient temple of Parthenon
Brussels - AFP

The European Union formally approved a short-term loan of 7.16 billion euros to Greece on Friday, while offering guarantees to non-euro nations that their taxpayers would not be at risk, the EU Commissioner for the euro said on Friday.

"We have an agreement on bridge financing.... This agreement is backed by the 28 member states," Valdis Dombrovskis told reporters, adding that the bridge loan would allow Greece to meet a huge payment to the European Central Bank on Monday.


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