Greece tries to avoid third Bailout by EU and IMF

The Greek finance ministry is looking at a plan that could see state-owned property assets used as collateral for loans that could help it avoid a third bailout by the EU and IMF.

According to a report in Greek newspaper Ekathimerini Greek finance minister Yannis Stournaras is reluctant to sign up to a third bailout because of the conditions it would likely impose on his government’s spending and reform process.

In order to avoid the bailout a special purpose vehicle (SPV) is being considered that would be managed by both Greek and EU officials, according to Ekathimerini.


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