Russia delivers humanitarian aid to Aleppo daily unlike UK — Defense MinistryWorld December 03, 7:29
Foreign ministers of Russia, Japan will discuss Putin’s upcoming visit to TokyoRussian Politics & Diplomacy December 03, 3:37
President of Luxembourg Forum welcomes Russia’s attention to threat of nuclear terrorismWorld December 03, 3:11
Presidential polls to determine vector for Uzbekistan’s further development — CEC chairmanWorld December 03, 2:44
Lavrov, Kerry discuss settlement in Syria at conference in RomeWorld December 03, 1:36
Kiev halves water supplies to LPR from another pumping station — LPR negotiatorWorld December 03, 0:50
Civilian wounded by Ukrainian sniper near Gorlovka — agencyWorld December 03, 0:31
Reconciliation agreements signed with 6 Syrian settlements — Russian Defense MinistryWorld December 02, 23:50
Russia doesn't understand why Kiev still continues operation in Donbass — LavrovRussian Politics & Diplomacy December 02, 22:59
BRUSSELS, July 20. /TASS/. Debt-laden Greece has received a short-term bridge loan of €7.16 billion granted from the European Financial Stabilization Mechanism (EFSM), European Commission spokesperson Margaritas Schinas said on Monday.
"The short-term financing of €7.16 billion has been transferred," the spokesperson said.
"These funds are designed for Greece’s urgent financial needs, above all, to service its foreign debts. The European Commission and Athens are due to start talks this week on a three-year program of macro-finance assistance to Greece in the amount of €80-90 billion, which will be provided from the eurozone stabilization fund — the European Stabilization Mechanism. The European Commission expects to arrange this loan package by mid-August," the spokesperson said.
Since 2010, when Greece’s sovereign debt crisis broke out, Athens has received €240 billion in bailout loans from the EU and the International Monetary Fund (IMF).
Despite a partial debt write-off in 2012, Greece’s sovereign debt currently exceeds €315 billion or 175% of its GDP. This figure is almost three times the debt-to-GDP ratio set for the eurozone countries, which should not exceed 60% of GDO according to the EU’s Stability and Growth Pact.
Greece’s international creditors say the Hellenic Republic can receive further financial aid, if the government undertakes to implement further austerity measures in the country.