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Euro ministers strike late night deal on Greek aid

by Alex Steger on Nov 27, 2012 at 08:14

Euro ministers strike late night deal on Greek aid

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

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

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