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> Economy

Bloomberg: Greece will need new bridge-loan

Tsipras in trouble says article

Newsroom August 3 08:44

Bloomberg believes Greece will most probably need a new bridge-loan in order to be able to pay off a payment to the ECB which is due August 20. Retaining Greece in the Eurozone does raise concern says the article in light of the country’s dismal finances and negative business sentiment. Furthermore, its points out the ‘bloodbath’ in the opening session of the ATHEX stock market Monady, where the general index opened with a staggering 30 per cent loss and ended with a 16.23 per cent loss, with the bank shares being hit hardest. The fact that the IMF is not willing to participate in the new bailout plan agreed on between Greece and its creditors on July 13, will cause serious problems to Greek PM Alexisn Tsipras, believe the authors of the article.

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