The EC proposed bridge loan of 7 billion euros for Greece – Televisa News

BRUSSELS, Belgium, July. 15, 2015.- The European Commission (EC) has proposed at twenty the immediate granting of a bridge loan of 7 billion euros for a maximum period of three months and contains different conditions.

” The program provides bridge financing that will allow Greece face its most pressing financial obligations until it begins to receive financial assistance from the European Financial Stabilisation Mechanism “(EFSM), the EU executive said.

The Vice President of the EC for the Euro, Valdis Domborvskis, he said that will have to be “twenty-eight Member States which give their approval to this proposal.”

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