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Eurozone ministers agree deal on Greece bailout

by Alex Steger on Nov 27, 2012 at 07:52

Eurozone ministers agree deal on Greece bailout

Eurozone finance ministers and the International Monetary Fund have reached a deal on an urgently needed bailout for debt-laden Greece, according to reports.

The BBC reported the minister have agreed to cut debts by 40 billion euros (£32bn) and have paved the way for releasing the next tranche of bailout loans, around 44 billion euros.

1 comment so far. Why not have your say?

Arthur Schopenhauer

Nov 27, 2012 at 08:22

I think the Greek finance minister should negotiate the EU budget on behalf of all member states they have the greatest recent experience

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