European governments are scrambling to put together hundreds of billions of euros to save lives, companies, and families from going bankrupt as countries hit hardest by the virus are also those that can least afford the costs, like Italy and Spain.
7.7 billion euros will come in early July to cover the repayment of 6.9 billion euros worth of maturing Greek debt and 0.8 billion of arrears. A further 0.8 billion euros would be disbursed after the summer.
Greece is holding back its support for the Rome declaration to protest reforms its European Union lenders are seeking from it in return for new loans, officials say.
Police say the packages were intended for officials at the Eurogroup and other global economic institutions.
The latest report foreseeing economic slowdown comes at a time when Italy is already struggling to deal with its troubled banks.
EU's Donald Tusk calls on Eurozone finance ministers to discuss Greece bailout terms within days after phone call with Alexis Tsipras.
Euro zone and IMF officials say Greece and its lenders will not make deal to unlock loans and enable vital debt relief talks
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