Greece is a step closer to getting a new 130 billion euro bailout, after its cabinet signed off on a fresh round of austerity measures last night.
All eyes are now on the Greek parliament, which is due to vote on the deeply unpopular bill tomorrow. (Sunday)
The draft proposal must also be approved by European finance ministers.
The EU will only agree to release the aid if Greece accepts a further 325 million euros in spending cuts and gives clear commitments to implement reforms.
Five ministers in Greece resigned yesterday – including the Deputy Foreign Minister – over the spending cuts.
