Greek aid release will be as soon as possible-EU

BRUSSELS, April 23 (BestGrowthStock) – Emergency loans to Greece
will be released as quickly as possible, and all the players
involved are in touch and know what to do, the European
Commission said on Friday.

Greece formally asked for financial aid from the euro zone
and the International Monetary Fund on Friday after yields on
its government bonds soared.

“Everything is going to be done in such a way that the
mechanism can be triggered as soon as (necessary) and as is
necessary for Greece,” Commission spokesman Amadeu Altafaj said.

He said the interest on the loans would be calculated in
line with the formula worked out by euro zone finance ministers
earlier this month, but because a date of the disbursement was
not known yet, it was impossible to say now what the exact
interest rate would be.

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(Reporting by Jan Strupczewski, editing by Timothy Heritage)

Greek aid release will be as soon as possible-EU