Greece to receive EU, IMF loans in near future - Greek PM

14.11.2012 12:42
Greece to receive EU, IMF loans in near future - Greek PM

YEREVAN, NOVEMBER 14. /ARKA/.  Greece will receive EU and IMF loans in the near future, believes prime minister Antonis Samaras.

Eurogroup meeting on Monday was unable to reach agreement on allocation of a tranche of 31.5 billion euros in exchange for which Athens adopted an austerity budget for 2013.

In order to avoid a default on $ 5 billion worth of ECB bonds with a maturity date of November 16, on Tuesday Greece raised a loan of over €4 billion on the international market for a duration of 1 and 3 months, Voice of Russia reports.

"The credit tranche is expected to be paid in normal mode after settlement of differences between Europe and the IMF regarding viability of the Greek debt," said Samaras.

"We are confident that in the end Greece will receive more than originally planned," he said.—0-


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