Breaking News Bar
updated: 7/2/2011 2:28 PM

Eurozone releases vital Greek aid installment

hello
Success - Article sent! close
 
Associated Press

BRUSSELS -- Eurozone finance ministers say Greece will get a vital loan installment by July 15 while work continues on a second bailout for the struggling country.

The ministers signed off their portion of the (euro) 12 billion ($17.39 billion) loan tranche in a conference call Saturday evening. The International Monetary Fund is expected to approve its part of the loan next week.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

The ministers also reiterated that they would continue to support Greece beyond the (euro) 110 billion loan package that was granted last year, but left a final decision on the new aid plan until the involvement of banks and other private creditors has been figured out.

They said "the precise modalities and scale of private sector involvement and additional funding from official sources will be determined in the coming weeks."

Share this page