The EU approved a short-term loan of 7.16 billion euros ($7.8 billion) to Greece allowing it to meet a huge payment to the ECB and repay the IMF while a new bailout is still being ratified, the EU's top official for the euro said Friday.
"We have an agreement on bridge financing.... This agreement is backed by the 28 member states," Commission Vice President Valdis Dombrovskis told reporters.
Greece must pay the European Central Bank a huge debt payment of 4.2 billion euros as early as Monday, and is in arrears to the IMF.
The bridging loan allows Greece to clear its debt to the IMF and to repay the ECB while the modalities of a fresh bailout, agreed in principal by European leaders on Monday, is still under negotiation.
"It will allow Greece to clear its arrears with the IMF and the Bank of Greece and to repay the ECB, until Greece would start receiving financing under a new programme from the European Stability Mechanism (ESM)," the European Council, which represents the bloc's 28 member states, said in a statement referring to the EU's bailout fund.
The loan will be given through the EFSM, a rescue fund set up at the time of Greece's first bailout in 2010 but that involves the whole of the 28-nation EU, not just the 19 eurozone members.
The loan will officially be for three months, but only provide enough cash to hold Greece over until August 20, when the country owes the ECB another huge debt payment.
Britain on Thursday dropped its opposition to the emergency EU loan to Greece after reaching a deal that would, it said, protect it and other non-euro countries against potential losses.
Prime Minister David Cameron of non-euro Britain had insisted that his country would not be responsible for bailing out Greece, echoing comments by finance minister George Osborne who said the plan was a "complete non-starter".
The use of the EFSM risked causing a headache for Cameron as he seeks to renegotiate Britain's membership of the EU ahead of an in-out referendum by 2017.
AFP
Fri Jul 17 2015
![EU approves emergency loan to Greece EU approves emergency loan to Greece](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2015-07/81437148822_GREECE.jpg)
The EU approved a short-term loan of 7.16 billion euros ($7.8 billion) to Greece allowing it to meet a huge payment to the ECB and repay the IMF while a new bailout is still being ratified.
Jenayah: Polis sahkan suspek teman lelaki Nur Farah Kartini
Lelaki yang ditahan polis bagi membantu siasatan berhubung penemuan mayat Nur Farah Kartini Abdullah, adalah teman lelakinya.
Suspek kes kematian Nur Farah Kartini direman tujuh hari
Seorang penjawat awam yang dikaitkan dengan penemuan mayat Nur Farah Kartini Abdullah, direman selama tujuh hari bagi membantu siasatan kes tersebut.
[TERKINI] Pan Gon bakal umum letak jawatan hari ini?
Tidak ada maklumat lanjut berkaitan sidang media berkenaan walaupun desas desus mengatakan ia melibatkan kepimpinan tertinggi FAM atau barisan kejurulatihan skuad Harimau Malaya?
Bukan masa sesuai untuk perkenalkan semula GST - Amir Hamzah
Menteri Kewangan II, Datuk Seri Amir Hamzah Azizan berkata bukan masa sesuai untuk perkenal semula GST. Katanya, kerajaan hanya akan perkenalkan cukai yang tidak memberi kesan kepada golongan rentan.
#AWANInews #SisiTVParlimen
#AWANInews #SisiTVParlimen
![Anda kini boleh uji iOS 18 Public Beta Anda kini boleh uji iOS 18 Public Beta](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/41721100842_iOSPublicBeta.jpg)
Anda kini boleh uji iOS 18 Public Beta
Walaupun iOS 18 Public Beta sedia dimuat turun, ia masih lagi dalam peringkat pembangunan dan ujian.
Saya 'pelik' soalan YB Hulu Terengganu - Timbalan Menteri KPDN
Timbalan Menteri KPDN, Fuziah Salleh pelik dengan soalan YB Hulu Terengganu, Datuk Rosol Wahid yang mengaitkan harga barang naik dan subsidi diesel antara faktor kekalahan PH di Sungai Bakap.
#SisiTVParlimen #AWANInews
#SisiTVParlimen #AWANInews
PKPS 2.0: LHDN kutip RM512.6 juta - Amir Hamzah
Menteri Kewangan II, Datuk Seri Amir Hamzah Azizan berkata LHDN sudah mengutip RM512.6 juta melalui Program Khas Pengakuan Sukarela (PKPS) 2.0 yang bermula 6 Jun 2023 hingga 31 Mei lalu.
#SisiTVParlimen #AWANInews
#SisiTVParlimen #AWANInews
![Bursa Malaysia meneruskan peningkatan pada awal dagangan Bursa Malaysia meneruskan peningkatan pada awal dagangan](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-03/51709865166_BURSAMALAYSIA.jpg)
Bursa Malaysia meneruskan peningkatan pada awal dagangan
Pada 9.19 pagi, FTSE Bursa Malaysia KLCI (FBM KLCI) menambah 0.20 mata kepada 1,630.02 daripada 1,629.82 ketika ditutup pada Isnin.
![Kanak-kanak 4 tahun maut jatuh dari tingkat 16 Kanak-kanak 4 tahun maut jatuh dari tingkat 16](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2015-07/41437207555_PolisLogo.jpg)
Kanak-kanak 4 tahun maut jatuh dari tingkat 16
Polis Daerah Putrajaya menerima panggilan MERS 999 memaklumkan mengenai kejadian kanak-kanak jatuh bangunan sekitar pukul 7.50 pagi tadi.
AWANI Pagi: Hidup bersama COVID-19
Jom ketahui semua info penting tentang “Hidup Bersama COVID-19”! Langkah, pengurusan kes, vaksin, dan banyak lagi bersama Dr Aznida Mohamad Zaki, Pakar Perubatan Kesihatan Awam, Bahagian Kawalan Penyakit Kementerian Kesihatan Malaysia dalam Awani Pagi Selasa, 8.30 pagi.