bridging loan for Greece amounting to more than 7 billion euros have been paid. Informed the European Commission. Funds are to be used for settlement of outstanding payments to the International Monetary Fund and repayment of the European Central Bank.
The money comes from the EU rescue fund for countries with financial problems. Their participation have it all member states, including Poland.
– Payment of 7.16 billion euros has just been made to enable Greece to repay debts to the IMF and ECB – European Commission spokeswoman Mina Andreeva. She said that now Greece must make the necessary transactions. – We are confident that this will happen today – stressed the spokeswoman.
The bridging loan is a temporary aid before Greece gets the money from the third financial package. Green light for negotiations on this matter have given the euro zone countries last week. Calls may take about four weeks. Concerted support at the recent eurozone summit is expected to reach to 86 billion.
last long Greece …
June 30 Greece was unable to repay the IMF within installments of € 1.55 billion, as well as another 457 million euros on July 13.
On Monday passed while the deadline for repayment of approx. 3.5 billion euros due to the ECB, as well as approx. 700 million euros in respect of interest.
The Ombudsman stressed that the EC expects to Wednesday are also further agreed with the Greek authorities reform. As for the Code of Civil Procedure, which is to accelerate the processes while reducing their costs, as well as provisions implementing the Directive on the restructuring and liquidation of banks. – We have consulted on this issue and support the Greek authorities in the development of this legislation – said Andreew.
Even before noon source in the Greek Ministry of Finance, relied on by the AFP reported that Greece has started repaying the outstanding installments to the IMF and the ECB. The extra money in the budget calmed down and allowed the banking sector bear some limitations of the past few weeks.
From today begins again be running banking services. To avoid a banking panic, is maintained capital controls. It is impossible to transfer money abroad, with the exception of the funds allocated for students outside of Greece and the sick. But even in these cases there are limits. With funds flowing into the country from abroad, both individuals and companies can make use of 80 percent.
It continues to be daily limit 60 euros for cash withdrawals from ATMs. The Greeks, however, it can accumulate and pay a one-off up to 420 euros a week. This is to help reduce the tedious queues before ATMs. The limits do not apply to transfers made by the people to pay off their obligations to the state. The Greeks can also use their credit cards abroad.
From today, they will also be carried out checks, the validity of which ended during the 20-day paralysis of the banking sector. The decision to open banks related to their recapitalization by the European Central Bank.
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