Greece uses bridge loan to repay IMF and ECB
IMF confirms repayment and payment to ECB anticipated
Greece received a bridge loan today (July 20), most of which was paid immediately to the International Monetary Fund and European Central Bank (ECB).
In a press conference at midday, a spokeswoman for the European Commission said the payment of €7.16 billion ($7.8 billion) had been made, using funds drawn from the European Financial Stabilisation Mechanism.
Later in the afternoon the IMF confirmed it had been paid back in full, a sum amounting to around €2 billion. Greece had been in arrears
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