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Greece bailout funds due for payment

Greece is due to receive the latest tranche of bailout funds needed to keep the economy afloat.

After weeks of tough talks, eurozone finance ministers and the International Monetary Fund agreed last month to release 44bn euros ($57bn; £37bn).

Greece has been waiting since June for the money that is needed to help the government pay its debts and to support the country's banks.

Ministers also agreed to cut Greece's debts by 40bn euros.

Mark Lowen reports from Athens.

  • 13 Dec 2012
  • From the section Europe