Article EDWF Greek crisis: why the European commission is planning a €7bn emergency loan

Greek crisis: why the European commission is planning a €7bn emergency loan

by
Jennifer Rankin in Brussels
from on (#EDWF)

Money from an EU bailout fund would enable Athens to meet debt obligations and other expenses of the government such as wages

The European commission has proposed a a7bn (4.9bn) emergency loan for Greece from an EU bailout fund, defying the UK and other non-eurozone countries that object being on the hook for a crisis in the currency union.

Didn't EU leaders just agree to an a86bn bailout for Greece?

Related: European commission proposes using UK contributions towards Greek bailout

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