Eurozone deal unlocks $12b
Eurozone ministers yesterday reached a vital deal to unlock urgent cash for Greece but analysts warned promises to tackle the country's debt mountain are sketchy, spelling trouble further down the road.
The agreement unlocks 10.3 billion euros ($12 billion) in bailout cash that Greece needs to repay big loans to the European Central Bank (ECB) and International Monetary Fund (IMF) in July, having already fallen behind in paying for everyday government payments and wages.
The bailout rewards Athens for meeting the terms of its 86-billion-euro bailout programme agreed last July.
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