Pages

Tuesday, July 17, 2012

Greece needs bridging loan, scrambles for more cuts

ATHENS (Reuters) - Greece's coalition government will seek a bridging loan to tide it over while it scrambles to find 11.7 billion euros of spending cuts to bring a derailed bailout plan back on track and appease exasperated international lenders. The measures must be submitted for approval by July 24, when auditors of the so-called "troika" of the European Union, the International Monetary Fund and the European Central Bank are expected to return to Athens for a check-up mission. ...

READ THE ORIGINAL POST AT news.yahoo.com