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Thursday, August 20, 2015

Loan to Greece Officially Approved, Good news For Greece finaly

The European Stability Mechanism (ESM) 86-billion-euro loan to Greece was approved during a teleconference on Wednesday evening.

The decision came after the Eurogroup approved the third Greek bailout package and the Eurozone countries officially ratified the bailout this week, with Germany’s parliament endorsing the deal earlier on Wednesday.

The approval of the loan was revealed by European Commission Vice President Valdis Dombrovskis via Twitter:

Stability support for #Greece approved by €zone. Just signed new #MoU on behalf of @EU_Commission and @JunckerEU pic.twitter.com/6a2b0ytng5

— Valdis Dombrovskis (@VDombrovskis) August 19, 2015

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