The EU has confirmed that Greece will get some financial assistance under the terms of the European Financial Stabilization Mechanism.
“On 17 July 2015, the Council adopted a decision granting up to €7.16bn in short term financial assistance to Greece under the European Financial Stabilization Mechanism (EFSM).
The loan will have a maximum maturity of three months and will be disbursed in up to two installments. It will allow Greece to clear its arrears with the IMF and the Bank of Greece and to repay the ECB, until Greece would start receiving financing under a new program from the European Stability Mechanism (ESM).
On 16 July the Eurogroup decided in principle to agree to a request made by Greece on 8 July 2015 for stability support over three years from the ESM. Once negotiated between the institutions and Greece and approved by the Eurogroup, the ESM assistance would be used, amongst other things, to repay the loan Greece receives under the EFSM.”