Greece's ESM loans could be 40-50 bln if country 'sticks to programme', EU official says
If Greece fully implements the measures envisaged in the 3rd bailout programme, the total amount in loans that it may need to draw from the European Stability Mechanism will not exceed 40-50 billion euros, a European official said here on Tuesday.
The official noted that part of the 82-86 billion euros referred to in the July 12 Eurozone summit statement would in any case come from the International Monetary Fund (IMF). He also suggested that the remainder in the ESM might not have to be used entirely, predicting that Greece would gradually gain access to the markets if it fully implemented the austerity measures as of the second half of 2016.
