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Wednesday, July 15, 2015

Greek crisis: why the European commission is planning a €7bn emergency loan

Money from an EU bailout fund would enable Athens to meet debt obligations and other expenses of the government such as wagesThe European commission has proposed a €7bn (£4.9bn) emergency loan for Greece from an EU bailout fund, defying the UK and other non-eurozone countries that object being on the hook for a crisis in the currency union.Didn’t EU leaders just agree to an €86bn bailout for Greece? Related: European commission proposes using UK contributions towards Greek bailout Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com