20 February 2012 Last updated at 22:21 ET
Eurozone finance ministers have reached agreement on a vital second bailout for Greece, officials involved in the negotiations say.

The deal, which came after lengthy talks in Brussels, is said to be worth 130bn euros (£110bn; $170bn).

Athens needs the funds to avoid bankruptcy next month, when maturing loans must be repaid.

In return, Greece will undertake to reduce its debts to no more than 121% of its GDP by 2020.



Article Source : BBC News

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