Brussels, Jul 15 (Prensa Latina) The European Commission (EC) on Wednesday proposed granting Greece a seven-billion-euro bridge credit immediately in a three-month period, so that Athens can deal with its most pressing financial obligations.
That credit is subject to the approval of part of the 28 member countries of the European Commission, which, along with the European Central Bank (ECB) and the International Monetary Fund (IMF) make up the troika of Greece's creditors.

On Wednesday, the EU executive body published the evaluation of Greece's request for a rescue fund, offering a view of the sustainability of Athens' debt that is different from the one presented by the IMF.

However, although the evaluations have different viewpoints, both suggest the possibility of a relief.

The press release says that Greek's debt-Gross Domestic Product (GDP) relation would be 165 percent by 2020 and 150 percent by 2022, if Athens takes measures to reduce it, but it might reach 187 percent and 176 percent, respectively.

The IMF, which contributed to the EC evaluation, estimated the debt-GDP relation at 170 percent by 2020 and requested a larger relief than the one proposed.

Greek banks, in turn, will not open until at least Friday, according to a decree signed today by Deputy Finance Minister Dimitris Mardas.

Capital controls came into force early last week. Every day, Greeks can withdraw up to 60 euros.

Money transfers abroad can only be made with a previous permit from the central bank and the Ministry of Finances.

Greek Economy Minister George Stathakis said that local banks, closed for more than two weeks, would not open until the European Central Bank resumes the financing through the emergency liquidity emergency.