Greece needs €7 billion by July 20

Market news

13 July 2015

Greece needs €7 billion by July 20

According to a deal, Greece needs €7 billion by July 20, when it have to repay loans to the European Central Bank (ECB). The country must make a payment of €12 billion to the ECB by mid-August.

Greece has already received two bailout programmes €240 billion from the Eurozone and the International Monetary Fund since 2010.

Credit Suisse said that the probability of a Greek exit from the Eurozone in the coming years is still 30%

European Central Bank decides not to raise the amount of emergency funding (ELA) on Monday

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