Via NY Times:’
The European Commission president says the European Union has agreed on a short-term loan to Greece until mid-August.
Jean-Claude Juncker says EU finance ministers on Thursday hammered out the deal that will help Greece meet its immediate financial needs and debt obligations. The deal involves the EU’s emergency funding program — EFSM.
Juncker didn’t specify how much Greece would receive.
Without that loan, Greece didn’t have the money to make a 4.2 billion-euro ($4.6 billion) payment to make to the European Central Bank that is due Monday.
(Corrects that Juncker said loan is from European Union, not eurozone members).