Eurozone Agrees 8.5 Billion Euro Bailout Payment to Greece

Eurozone ministers struck a long-delayed deal Thursday to unlock the latest tranche of Greece's bailout cash and avert a fresh debt crisis this summer, EU sources said.

"There is a deal on the program, and we have agreed to unlock 8.5 billion euros for Greece," an EU source told AFP after a meeting of the eurozone's 19 finance ministers in Luxembourg.