Greece: First bailout instalment on 17 August

Written by Linda Digby 29 Jul 2015
Greece: First bailout instalment on 17 August

If the expected timeline runs on schedule, Greece could be seeing the first instalment of the 86 billion euros of bailout money on 17 August. Bloomberg reports that an official ‘with knowledge’ said that negotiations between the Greek government and international creditors should be concluded by 6 August. If the Greek parliament agrees to the deal by 7 August, the Euro Working Group and the Eurozone‘s finance ministers will endorse the programme by 11 August. The national parliaments of other countries must also approve the bailout package by 13 August. Please pray for the Greek government to implement reforms despite fierce opposition, and for the unity of the nation. Pray also for obstacles to be removed and investments to be made so that there will be employment for the many young people who are in their late 20s and early 30s and have not yet worked.

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