The situation is still a long way from being resolved, but the week starts in Greece under the banner of a gradual return to normal. First of all, after almost three weeks of closure ordered by the government, the banks are reopened today: not yet the Stock Exchange, and will remain closed until the liquidity situation has normalized. In return however Athens already has collected the bridge loan of 7,16 billion euros released by the European Union, which he immediately used on the substantial payments he had due, towards the ECB, or which had already expired, towards the International Monetary Fund.
In fact, Greece has already spent almost everything, but it has officially and fully paid off its debt with international creditors, as it has also confirmed by the IMF in the afternoon. With the IMF, the Greek country had accumulated a backlog of payments of around 2 billion euros: of these, 1,56 billion euros related to unpaid installments in June and another 457 million were due on 13 July.
Practically, at the end of the day Athens will have spent 6,7 billion of the 7,16 just received. And of the EU bridging loan, barely 450 million euros would remain, less than half a billion. However, these funds should be enough to cover the maturities between now and the end of the month, essentially pensions and state salaries, when Greece may have already reached an agreement with the EU institutions and the IMF for a new full aid program over three years. over 80 billion euros in total. Otherwise Brussels has already planned to evaluate a further bridging loan, with modalities however to be verified.
