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European Commission Prepared for Greek Bridge Loan Scenario

annika breidthardtThe European Commission is prepared to face the potential scenario of a bridge loan for Greece, noted spokeswoman Annika Breidthardt during a briefing on Thursday.
She noted that as European Commission President Jean-Claude Juncker has said in the past, the Commission aims to reach an agreement by August 20. Therefore, a bridge loan is only discussed as a contingency plan, added Breidthardt.
Berlin supports the idea of another bridge loan for Greece, and German Chancellor Angela Merkel spoke about this scenario with Greek Prime Minister Alexis Tsipras during a phone conversation they had in the past days.
As for the loan that will be provided to Greece if the agreement is signed on time, Breidthardt noted that the bailout funds do not exceed the amount that was discussed during the July 13 Euro Summit.
“There were no surprises there,” she said.
Finally, she revealed that the European Commission will be represented by Valdis Dombrovskis in the August 14 Eurogroup.

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