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Greece to Send New Request for European Lending Program
Greece to Send New Request for European Lending Program
Sputnik International
Greece will send a new formal request for the European Stability Mechanism lending program in the coming hours, Finnish Finance Minister Alexander Stubb said... 07.07.2015, Sputnik International
2015-07-07T16:54+0000
2015-07-07T16:54+0000
2015-07-07T16:55+0000
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business, newsfeed, greece's gordian knot: syriza tackles austerity, greece, finland, alexander stubb, eurozone, eurogroup
business, newsfeed, greece's gordian knot: syriza tackles austerity, greece, finland, alexander stubb, eurozone, eurogroup
Greece to Send New Request for European Lending Program
16:54 GMT 07.07.2015 (Updated: 16:55 GMT 07.07.2015) Greece will send a new formal request for the European Stability Mechanism lending program in the coming hours, Finnish Finance Minister Alexander Stubb said Tuesday.
BRUSSELS (Sputnik) – Earlier in the day, European finance ministers met in Brussels to discuss the Greek debt crisis and ways to resolve it. The Eurozone emergency summit on the Greek issue also began in Brussels.
"We expect a request for an ESM program imminent within a few hours," Stubb told journalists after a Eurogroup meeting.
The emergency meetings were prompted by the result of the Sunday's Greek bailout referendum, in which over 61 percent of Greek voters rejected the creditors' proposals on additional loans to Greece in exchange for deeply unpopular social and financial austerity measures.
Initially, the country’s government rejected the offer and announced the referendum. The move dissatisfied the Greece's international lenders, and bailout negotiations broke off.
