Greece to receive new IMF aid in July: French PM
June 22nd, 2011 - 1:00 am ICT by IANSParis, June 21 (IANS/RIA Novosti) Greece will receive a new loan tranche from the International Monetary Fund (IMF) and the European Union in July, French Prime Minister Francois Fillion said Tuesday.
“New financial aid from the IMF and EU is expected to be sent in July. This will happen after the Greek Parliament adopts a new package of financial measures,” Fillion said during a meeting with Russian Prime Minister Vladimir Putin.
Greece, suffering an economic crisis, will receive a 110-billion-euro loan that will help the country to avoid a nationwide default on its 350-billion-euro external debt.
The Greek government has to negotiate with creditors on how to finance its new economic programme.
In May, the Greek government approved 6-billion-euro spending cuts for 2011, a 22-billion-euro saving package for 2012-2015, and a 50-billion state assets privatisation programme to be able to meet the terms of the loan.
Last week, over 10,000 people gathered in front of the parliament in Athens to protest the unpopular measures.
–IANS/RIA Novosti
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Tags: creditors, economic crisis, european union, external debt, financial aid, financial measures, francois fillion, french prime minister, greek government, greek parliament, imf aid, international monetary fund, international monetary fund imf, june 21, parliament, ria novosti, russian prime minister, state assets, tranche, vladimir putin