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Greece, new phase of rigor after the ok from the EU and the IMF for aid

According to a decree published in the Official Journal, the 49,1 billion euro loans made available by the European Union and the IMF can be used for the country's domestic needs on a case-by-case basis and subject to EFSF approval.

Greece, new phase of rigor after the ok from the EU and the IMF for aid

Greece is preparing to enter a new period of fiscal rigor for its budget, which provides, among other things, for a tightening of the tax system for the middle class, in exchange for the resumption - decided on the eve - of the financial aid made available by EU and IMF.

According to a decree published in the Official Journal, the 49,1 billion euro loans made available by the European Union can be used for the country's domestic needs on a case-by-case basis and upon request to the EFSF.

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