The Greek government decided not to delay making installments and transferred money to the ECB and IMF just after receiving the bridge loan of 7.16 billion euros provided by the European Commission. Thus, Greece managed to repay the debt in time and avoid defaulting on its obligations to the ECB. Athens had to pay 3.46 billion euros, a sum the country was unable to raise without any help. The failure to meet the repayment and the country’s attempt to take control of the situation on its own could have led to serious problems in the bank sector and economy on the whole. Nevertheless, Athens failed to make installments on June 30 and July 13 that cost it 2.05 billion euros. “A 7.16 billion-euro bridging loan has been disbursed to Greece, allowing the country to meet debt repayments to the European Central Bank and the International Monetary Fund,” European Commission spokeswoman Mina Andreeva said. “Now basically Greece has to carry out the necessary transactions for it to happen," she also added. Mina Andreeva supposes that it is not the time to speak about future installments and Greece’s ability to make them. The agreement aimed at the implementation of conditions set out during the summit on July 13 is still under discussion. Everything depends on the timing of its reaching.