21 Jul 2015
EUR: Greece repays ECB & IMF - BTMU
FXStreet (Guatemala) - The Bank of Tokyo-Mitsubishi UFJ, Ltd noted that the ECB and IMF both confirmed the receipts of money owed by the Greek government totalling about EUR6.8 billion utilizing funds from an EU bridge-loan.
Key Quotes:
"The repayment to the ECB allows it continue providing emergency liquidity assistance to Greek banks. A central bank official has added that the government will also repay EUR500 million owed to the Bank of Greece which is regarded as an obligation to the network of euro-zone central banks."
"The Greek government’s next test will be parliamentary vote on Wednesday on the second set of reforms demanded by the creditors in order to begin talks on a third bail out."
Key Quotes:
"The repayment to the ECB allows it continue providing emergency liquidity assistance to Greek banks. A central bank official has added that the government will also repay EUR500 million owed to the Bank of Greece which is regarded as an obligation to the network of euro-zone central banks."
"The Greek government’s next test will be parliamentary vote on Wednesday on the second set of reforms demanded by the creditors in order to begin talks on a third bail out."