Greece to finally get bailout payment

The IMF and EU appear to have ironed out their differences over Greece’s bailout and releasing the long-delayed latest instalment to Athens.

The Washington-based body was adamant that it must be sure Greek’s debt was sustainable and drop to 120% of GDP by 2020.

Finance ministers spent 12 hours in Brussels intensively discussing the various options to achieve this and finished up in the early hours of yesterday.