Greece may get bailout cash advance to pay bills – reports

Greece might receive €3.2 billion of earmarked rescue aid earlier than planned to cover part of its financing needs, two Greek newspapers reported yesterday. Greece received a clean bill of health from its international creditors earlier this month,...

Greece might receive €3.2 billion of earmarked rescue aid earlier than planned to cover part of its financing needs, two Greek newspapers reported yesterday.

Greece received a clean bill of health from its international creditors earlier this month, securing a disbursement of at least €2.8 billion in aid.

The instalment is expected to be approved later this month and Greece is scheduled to receive another €6 billion in EU/IMF funds in May. But Kathimerini and Ta Nea newspapers said that alongside that money Athens might also get a further €3.2 billion of EU aid, earmarked to help the country cover part its financing needs for the second quarter of the year.

The country’s finance ministry declined to comment on the reports.

Athens has already obtained about €200 billion of rescue loans since mid-2010 and about €44 billion of aid remains to be disbursed.

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