Greek cabinet formally approves bailout agreement
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reece's cabinet on Wednesday unanimously approved the debt-laden country's bailout deal, hours after euro zone countries also formally approved the 130 billion euro financing package.
The deal to keep Athens funded until 2014 will now be sent for approval to the Greek parliament, which is expected to vote on it by the end of the month.The Greek cabinet on Wednesday approved terms tied to the bailout funds that it is set to receive from the European Union. The International Monetary Fund is expected to approve its share of the bailout, set at 28 billion euros, later this month. (Reuters)
