Greece may seek up to 24 billion euros in first new aid tranche: paper


Greek flag flutters in the wind above tourists visiting the archaeological site of the Acropolis hill in Athens, Greece

Related: WORLD, GREECE

Greece may seek 24 billion euros in a first tranche of bailout aid from international lenders in August to prop up its banks and repay debts falling due at the ECB, a pro-government Greek newspaper said in its early Sunday editions.

Athens is now in talks with the European Commission and the International Monetary Fund to secure up to 86 billion euros ($94.48 billion) in bailout aid. It will be its third bailout since 2010.

Avgi newspaper, which is close to the leftist Syriza government, said Greek authorities expected to conclude talks with lenders by mid-August.

http://www.reuters.com/article/2015/08/01/us-eurozone-greece-bailout-idUSKCN0Q63AN20150801

Author: allthenews

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