Greece Eyes $1.3B Stimulus

CASH

Updated Apr. 21, 2017 5:15PM EDT / Published Mar. 10, 2012 10:04AM EST

Thanassis Stavrakis / AP Photo

A day after it secured the biggest debt restructuring in history to avert immediate default, Greece is hoping to get $1.3 billion in stimulus financing from the European Investment Bank this year, a top Greek economic official said Saturday. "I believe in the end it will happen," said Gikas Hardouvelis, top economic adviser to Prime Minister Lucas Papademos. Friday's debt restructuring already opens the way for a $170 billion bailout from the European Union, and Greece is looking for more ways to kickstart its economy.

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Greece Eyes $1.3B Stimulus

Thanassis Stavrakis / AP Photo