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Eurozone Agrees to €7bn Bridge Loan for Greece

2024-06-22OANDAOANDA
Eurozone ministers have agreed to give Greece a €7bn (£5bn) bridging loan from an EU-wide fund to keep its finances afloat until a bailout is approved. The loan is expected to be confirmed on Friday by all EU member states. In another development, the European Central Bank agreed to increase emergency funding to Greece for […]

Eurozone ministers have agreed to give Greece a €7bn (£5bn) bridging loan from an EU-wide fund to keep its finances afloat until a bailout is approved.

The loan is expected to be confirmed on Friday by all EU member states.

In another development, the European Central Bank agreed to increase emergency funding to Greece for the first time since it was frozen in June.

The decisions were made after Greek MPs passed tough reforms as part of a eurozone bailout deal.
Greek banks have been closed for almost three weeks.

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