Pages

Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Thursday, July 16, 2015

Germany expects first trance of Greek bridge financing this month

Finance Minister Wolfgang Schaeuble told the German parliament's budget committee that the first part of bridge financing for Greece, some 7 billion euros, would be available from July, conservative budget expert Eckhardt Rehberg said on Thursday. The funds would be available via the European Financial Stability Mechanism (EFSM) -- an EU-wide fund backed by the EU budget so disimbursements from it need the approval of all of the EU's member governments. Schaeuble told the committee that non-euro zone European Union members would be free from liability risks arising from use of the EFSM.


READ THE ORIGINAL POST AT uk.news.yahoo.com