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Urgent: 7.16-bln-euro bridge loan to reach Greece by Monday: EC vice president

Xinhua, July 17, 2015 Adjust font size:

The 7.16-billion-euro (about 7.8 billion U.S. dollars) bridge loan will reach Greece on time by Monday, European Commission (EC) Vice President Valdis Dombrovskis said on Friday.

"We had an agreement on bridge financing to Greece based on the EFSM (European Financial Stabilisation Mechanism) law, this agreement backed by 28 European member states provides Greece an immediate loan, it means that 7.16 billion euros will reach Greece on time by Monday," Dombrovskis told a press conference. (1 euro = 1.09 U.S. dollars) Endit