Bild reports that the cash-strapped Greek government is in line to receive 6.04 billion euros in the form of a “bridge loan” if euro zone finance ministers fail to agree on a third bailout for during a Friday meeting in Brussels.
The German tabloid cited European Commission proposal for the meeting, under which the bridge loans should run for a maximum of three months, Bild said in an advance copy of an article due out on Friday.
Greek Finance Minister Euclid Tsakalotos in Parliament debate on Thursday warned against another temporary loan to meet immediate debt repayments, calling on lawmakers to approve a new, three-year bailout deal.
“I think whatever everyone’s stance on the euro and on whether this is a good or bad accord, there must be no one who is working toward a bridge loan,” he said.
Athens must make a 3.2-billion-euro payment to the European Central Bank on Aug. 20.