Arab Today, arab today eu greece to get€4bn loan by monday
Last Updated : GMT 06:51:55
Arab Today, arab today
Arab Today, arab today

EU: Greece to get €4bn loan by Monday

Arab Today, arab today

Arab Today, arab today EU: Greece to get  €4bn loan by Monday

Athens - XINHUA

Greece will get a 4-billion-euro (about 5.3 billion U.S. dollars) bailout loan from international lenders by Monday, European Commission spokesman Simon O\'Connor said on Friday. O\'Connor told a press conference that deputy finance ministers of the 17-country eurozone approved the unlocking of aid funds to Greece in a meeting. \"With the provision that national approval procedures are completed, which we expect to happen by Monday, the disbursement can take place,\" he said. Under current plans, Athens is to receive an additional 1.8 billion euros from the International Monetary Fund in August and a further 1 billion euros from its European counterparts in October. The first 4-billion-euro fund is composed of 2.5 billion euros from the European Financial Stability Facility (EFSF) and 1.5 billion euros from.

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