French deny EU report of possible loan for Greece

July 13, 2015 02:21


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


BRUSSELS- Two official French sources denied a report by a senior European Union official on Monday that France could give Greece a bilateral loan to help it over an immediate funding crunch pending agreement on a third bailout for Athens.

The EU official said a bilateral loan from Paris was one option under discussion to help raise some 7 billion euros that Greece needs by July 20 to avoid defaulting on a bond redemption to the European Central Bank, which could force the ECB to end funding for Greek banks.

Other options included paying out about 3.4 billion euros in profits from the ECB's holdings of Greek bonds that were returned to member states, and tapping a 60-billion-euro fund held at the European Commission known as the European Financial Stability Mechanism, the official said.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
November 14, 2018
Turkey calls for international investigation into Khashoggi murder