THE eurozone"s bailout fund is borrowing tens of billions so it can fund a rescue plan for Greece, amid fears the country"s debt crisis could once again send shockwaves through the bloc.
The Luxembourg agency responsible for doling out rescue money - the European Stability Mechanism (ESM) - is turning to markets to raise the extra cash needed for the Greek debt relief programme.
The ESM is now issuing €57billion (£49.5bn) in long-term bonds - up 14 per cent from original plans - to cover the bail-out programme.
However, Athens remains at loggerheads with creditors over the long term measures of the deal for fresh cash and debt relief - and the stand-off could last for weeks, as the two sides refuse to back down over controversial austerity measures.
Last month, the ESM froze short-term debt relief for the country, after prime minister Alexis Tsipras announced a one-off Christmas bonus for low-income pensioners.
The move is thought to have angered eurozone officials who are pressing the government to cut pension welfare spending.
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