13:09 GMT19 January 2021
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    Greece's Gordian Knot: Syriza Tackles Austerity (404)
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    The Eurozone states are discussing a $7.7-billion bridge loan to Greece to be applied prior to the new financial support package, Maltese Finance Minister Edward Scicluna said Tuesday.

    BRUSSELS (Sputnik) – The Eurozone leaders reached an agreement on Monday to support the Greek economy with an additional $95.7-billion loan in exchange for economic reforms in the country.

    The Greek economy needs funds sooner than the scheduled arrival of the support package from the European Union. It has to pay about $3.9 billion to the European Central Bank (ECB) before July 20, while already defaulting on the International Monetary Fund (IMF) in June.

    “We speak about a sum bigger than 7 billion euros ($7.7 billion). I think there are some sources where we can get most of this money from. It would be perfect if the European Union had a joint position, and the non-eurozone states would help,” Scicluna said answering questions by journalists at a press conference.

    Greece owes about $270 billion to its international creditors, including the IMF, the ECB and some Eurozone states.

    Greece's Gordian Knot: Syriza Tackles Austerity (404)


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