BRUSSELS - Eurozone finance ministers have reached a deal with Greece after marathon talks to unlock 10.3 billion euros ($12 billion) in vital bailout cash, a European source said early Wednesday.
People demonstrate against a new package of tax hikes and fresh cuts in front of the Greek Parliament in Athens
Ministers also agreed to phase in debt relief for Greece, a key demand made by the International Monetary Fund if it is to stay in Athens' bailout programme.
"The Eurogroup agreed today on a package of debt measures which will be phased in progressively," Eurogroup chairman and Dutch finance minister Jeroen Dijsselbloem told reporters after talks at which they also agreed to unlock 10.3 billion euros ($12 billion) in bailout funds.