Euro ministers give blessing to Greek bailout, wooing IMF on debt

News Manager

Milforums News Bot
By Alastair Macdonald and Lefteris Papadimas BRUSSELS/ATHENS (Reuters) - Euro zone finance ministers agreed on Friday to lend Greece up to 86 billion euros ($96 billion) after Greek lawmakers accepted their stiff conditions despite a revolt by supporters of leftist Prime Minister Alexis Tsipras. Assuming approval by the German and other parliaments, 13 billion euros should be in Athens next Thursday to pay pressing bills and a further 10 billion will be set aside at the European Stability Mechanism, earmarked to bolster Greek banks' capital. In all, euro zone governments will lend 26 billion euros in a first tranche of the bailout before reviewing Greece's compliance with their conditions in October.




More...
 
Back
Top