Funds for Greek Bailout Due

Greece are today due to receive the essential funds required for their shattered economy to keep afloat. after weeks of tough talks, an agreement has been reached to release 40 billion euros by the eurozone finance ministers and the International Monetary Fund.

Greece have been waiting since June for the funds needed to begin to rebuild their economy and stabilise the banks.   

There has also been an agreement by the ministers that the Greek debts will be cut by 40 billion euros.

In return for the funds, Greece have had to impose several rounds of tough austerity measures, which have contributed to a severe and prolonged economic contraction.