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The payment marks the end of several months of tensions over concluding the review of the bailout programme. (Photo: Odysseas Gp)

Greece to get €7.7bn loan next week

The eurozone emergency fund agreed on Friday (7 July) to unblock a €8.5 billion new tranche of loan for Greece, as part of the bailout programme agreed in 2015.

The fund, known as the European Stability Mechanism (ESM), is expected pay out a total of €7.7 billion on Monday.

Some €6.9 billion will help Greece to meet its debt repayment commitment, which amounts to around €7 billion this month, while €800 million will be used to clear arrears.

The second part, €800 million, w...

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The payment marks the end of several months of tensions over concluding the review of the bailout programme. (Photo: Odysseas Gp)

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