Eurozone ministers approve 8bn euro Greek bailout aid
Eurozone finance ministers have approved the next tranche of Greek bailout loans, potentially saving the country from a disastrous default.
The 8bn-euro ($11bn; £7bn) loan must still be signed off by the International Monetary Fund.
Once this is done, Athens should get the funds in mid-November, officials said on Friday.
Ministers, who have begun several days of talks, also said they were working on a second rescue package for Greece.
Stephanie Flanders reports.
21 Oct 2011
- From the section Business