Eurozone finance ministers have agreed to extend further bailout loans to Greece as well as debt relief, in what they call a "major breakthrough". After late-night talks in Brussels, the ministers agreed to unlock 10.3bn euros in new loans. The move came two days after the Greek parliament approved another round of spending cuts and tax increases demanded by international creditors. Nick Malkoutzis, Editor of the economic analysis website macropolis.gr told Share Radio that lenders had to back down.

Published: Wed 25 May 2016