|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |    22nd of January 2018
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Economy News feed Economy News

Debt News feed Debt News

All Financial News feed All Financial News




Greece will receive fifth tranche of bailout loan

Bookmark and Share

by Kay Mitchell
”Greece

Euro zone finance ministers have approved the latest instalment of financial aid for Greece.

The latest tranche of €12 billion will be released this month so the crisis-torn economy can avoid defaulting on its mountain of debt.

The release of the funds comes after the Greek parliament approved fresh austerity measures, which include further spending cuts and tax hikes.

However, the measures have caused uproar among Greek citizens and last week protesters gathered on the streets of Athens to stage a 48-hour general strike, which saw the country come to a virtual standstill.

Meanwhile, the country is still in need of a second bailout package (which is expected to be in the region of €110 billion) and this is expected to be finalised in the autumn.

Discuss this in the Finance Markets forums

Story link: Greece will receive fifth tranche of bailout loan



News posted: July 3, 2011

Financial Services:





Related financial stories to: Greece will receive fifth tranche of bailout loan:
Previous: «
Next: »

Visited 2856 times, 5 so far today

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Tags: , , ,