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Greece requests 3-year euro zone loan, no volume speficied

Published July 8, 2015 Updated July 8, 2015 11:43am

1 min

By Shoaib Ur Rehman

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BRUSSELS: Greece submitted a formal request on Wednesday for a three-year loan from the European Stability Mechanism bailout fund but did not specify in its letter the volume of financing sought, a euro zone source who has seen the document said.

The source said it was premature to say how much Athens would need to borrow from its euro zone partners since that depended on the assessment of its worsening economic outlook and public finances to be conducted by creditor institutions.

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