Exclusive: Greece set to get green light for EBRD support

Greece is expected to be given the green light early next week for what could add up to well over a billion euros of cheap aid and funding support from the European Bank for Reconstruction and Development, according to sources at the bank. The former Greek government put in a request late last year to become an EBRD 'country of operation' and make it eligible for the development bank's support, but the process was put on hold during the uncertainty of the country's recent elections. An EBRD spokesman declined to comment but the sources who spoke to Reuters said approval was likely to come on the grounds that Greece would be classed as a "temporary" recipient of EBRD funds until up to around 2020.

via Business News http://ift.tt/1FFedoV