EU says Greek bailout not to exceed 86 bn euros

  • The European Union (EU) dismissed reports which warn Greece's financing need will exceed 86 billion euros, the overall sum the country will receive under an Eurozone fund in its fresh bailout plan.

    "The possible finance need for the programme is up to 86 billion euros, could in fact turn out to be much less if all goes well," said Annika Bredthardt, spokesperson for EU's executive European Commission, on Tuesday.

    "For instance, if when the IMF (International Monetary Fund) comes in with its own programme... if Greece turns to the market... that will decrease the financing need," media quoted Bredthardt as saying. (Source: IANS)


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