Eurozone bailout fund transfers 13 billion euros to Greece.
Luxembourg, Dhu-AlQa'dah 05, 1436, August 20, 2015, SPA -- An initial payment of 13 billion euros (14.5
billion dollars) has been transferred to the Greek government by the
European Stability Mechanism (ESM), the agency reports, according to dpa.
The payment was part of an initial 26-billion-euro tranche approved
by the ESM and is to be used for further financing needs. The
remaining money will be distributed at a later point, also for
financing needs, as well as to help with bank recapitalization.
"Today's ESM disbursement will allow Greece to meet its urgent
financial obligations," said ESM managing director Klaus Regling. "I
am relieved that after intense negotiations with the Greek government
and approval by our members, all conditions are now in place to make
this disbursement in time."
10:17 LOCAL TIME 07:17 GMT
All Rights Reversed for Saudi Press Agency Provided by SyndiGate Media Inc. ( Syndigate.info ).
|Printer friendly Cite/link Email Feedback|
|Publication:||Saudi Press Agency (SPA)|
|Date:||Aug 20, 2015|
|Previous Article:||China stocks slump again despite signs of govt support.|
|Next Article:||Custodian of the Two Holy Mosques Congratulates Morocco's King on Youth Day.|