EU approves EUR 12bn bailout for Greece

Eurozone politicians have signed-off on a key bailout payment to Greece worth EUR 12bn, which the country will receive by July 15.

Izvor: Beta

Sunday, 03.07.2011.

13:38

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Eurozone politicians have signed-off on a key bailout payment to Greece worth EUR 12bn, which the country will receive by July 15. It is expected that the IMF will approve its part of the package next week. EU approves EUR 12bn bailout for Greece The EU member states’ finance ministers have welcomed austerity measures implemented by the Greek government, adding they are preparing another bailout plan for the debt-stricken country. Greek Finance Minister Evangelos Venizelos said in an announcement that his EU colleagues had announced they would approve a new bailout package before Greece received the next bailout payment of the existing loan in September. Evangelos Venizelos (Beta, file)

EU approves EUR 12bn bailout for Greece

The EU member states’ finance ministers have welcomed austerity measures implemented by the Greek government, adding they are preparing another bailout plan for the debt-stricken country.

Greek Finance Minister Evangelos Venizelos said in an announcement that his EU colleagues had announced they would approve a new bailout package before Greece received the next bailout payment of the existing loan in September.

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