EU Commission says Greece could get short-term funds rapidly

Published Thu, Jul 16, 2015 · 10:54 AM

[BRUSSELS] The European Commission said on Thursday it was encouraged by the large majority in the Greek parliament for measures demanded by the eurozone in return for aid and expressed confidence that Athens could receive short-term financing soon.

Commission spokeswoman Annika Breidthardt told a news conference that the Greek parliament had taken an important step towards rebuilding trust with Greece's international partners.

"Everyone did what is best for Europe, and I think, the Greek parliament has spoken with a very loud voice. We had 229 MPs in favour. That's the signal we're taking out of that," she said.

"We've made a lot of progress on the EFSM proposal, and we're confident that a compromise is within reach... Once adopted, the funds could be disbursed rapidly."

REUTERS

Read more on the Greek crisis here

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here