Rajoy: Spain has no money to spare, expects Greece to repay Spanish loans

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Speaking to journalists after the European Council meeting on Thursday, Spanish Prime Minister Mariano Rajoy said the Spanish government expects Greece to repay the 26 billion euro loan that Madrid granted Athens.

“They will start paying this loan in 30 years time, so the conditions are fantastic. They will pay interest in 10 years time,” Rajoy said. “The important thing us that Greece, which already started growing, sticks to the rules and the commitments they signed up for in exchange for loans,” he added.

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