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Thursday, July 16, 2015

Greece Debt: Eurozone Backs €7bn Bridging Loan

Greece looks set to get a €7bn bridging loan to keep the country afloat until a bailout is approved. Eurozone ministers agreed the loan from an EU-wide fund, enabling Greece to pay back arrears to the European Central Bank (ECB). Without that loan, Greece does not have the money to make a €4.2bn payment to the ECB, that is due Monday.


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