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Monday, July 20, 2015

Greece pays off some debt as emergency loan arrives in Athens

Officials confirm that €7.2bn bridging finance went into repaying money owed to the ECB and IMF ahead of bailout negotiationsThe Greek money merry-go-round carries on in full swing as Athens received a €7.2bn (£5bn) loan from the EU and immediately spent almost all of it on repaying debts.Greek officials confirmed on Monday they had begun paying back international lenders, not long after the emergency bridging loan arrived in the Greek government’s bank account. Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com