EIB Greek loans
July 22, 2012, Sunday
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Print Edition
Print Edition
THE European Investment Bank will provide 1.44 billion euros (US$1.75 billion) in loans to struggling Greek firms, providing a stimulus to the debt-laden country's ailing economy, Greece's finance ministry said yesterday. With Greek banks dependent on European Central Bank cash to survive and reluctant to finance any but the biggest firms, Athens and the European Union have been pushing the EIB, the EU's long-term investment arm, to step into the breach.
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