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Sunday 19 August 2018

Greece bailout talks

EUROPEAN finance ministers may pay out bailout loans to Greece in instalments until terms are finalised in July.

Eurozone finance ministers were locked in talks over the weekend, looking for agreement over how to distribute any further financial assistance to embattled Greece.

Last night Belgian Finance Minister Didier Reynders said that European institutions and the IMF could release €6bn of loans to Greece in July, instead of the €12bn that is due as the fifth instalment of the current Greek bailout, which was signed up to in 2010.

There are fears that any risks of dithering would scare the markets further.

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