EU could grant emergency loans to Greece: Head of European Parliament
(MENAFN- Jordan News Agency) Europe will not "desert" the people of Greece regardless of the outcome of Sunday's referendum and may provide it emergency loans, the head of the European Parliament Martin Schulz said Sunday.
Martin Schulz told Germany's Welt am Sonntag newspaper that the Athens government had maneuvered the heavily-indebted country "into a dead end".
"Perhaps we will have to give emergency bridging loans to Greece so that public service can be maintained and needy people get the money they need to survive," he noted, adding: "For that, money would be available short term in Brussels." But he warned this would not be a lasting solution.
Greeks are voting in a tightly fought referendum on whether to support the terms of the country's potential bailout deal with its international creditors.
The Greek government has urged a 'No' vote, in an attempt to strengthen its position in talks with creditors.
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.