Greece given 72 hours to win trust by passing bailout laws
Greece is asking for 22 billion euros by the end of August to cover its immediate needs and as much as 86 billion in total, Maltese Finance Minister Edward Scicluna said in an interview.
The country owes the ECB about 3.5 billion euros on July 20 and missed a payment of about $1.7 billion to the International Monetary Fund June 30.
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Greece Blinks
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Euro summit updates hint prolonged Greek debt saga, EUR eyes gains
Creditors give Greek leader an ultimatum
Greece has requested $91 billion to $96 billion in new aid, as its financing estimates have ballooned to show debt reaching 200 percent of gross domestic product,
Maltese Finance Minister Edward Scicluna said.
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Greece needs $25bn to get through August
(MENAFN – Gulf Times) Greece needs an infusion of ‚22bn (25bn) to pay its bills through the end of August, Maltese Finance Minister Edward Scicluna said.
This figure includes ‚7bn by July 20, when Greece owes about ‚3.5bn to the European Central Bank, Scicluna said in an interview.
It includes ‚10bn for banks and ‚5bn for other needs. He spoke on the sidelines of yesterday’s euro-area summit after finance chiefs concluded their session.
“The Greeks have finally understood that unless they get an injection of cash they are faced with a doomsday scenario,” Scicluna said.
