Europe will never see that money again.
Greece was thrown two financial lifelines Thursday just hours after taking the first step to securing a new bailout from its creditors.
European finance ministers approved an interim loan worth seven billion euros ($7.6 billion) to help Greece pay its most urgent debts in the next few days. Then the European Central Bank said it would pump more emergency cash into Greek banks, which have been shut for nearly three weeks.
Greece crisis: Europe approves interim loan and more cash for banks - Jul. 16, 2015
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