Greece gets €6.8bn but ‘must keep its promise’

Greece secured a €6.8bn lifeline from the eurozone last night, but was told it must keep its promises on cutting public sector jobs and other reforms in order to get all the cash.

The deal, which spares Greece defaulting on debt that falls due in August, will see Athens drip fed support under close watch from its international creditors to drive through unpopular reforms.

Eurozone finance ministers agreed to make staggered payments starting with a €2.5bn instalment in July, said officials close to the talks.