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EU approves £7.4bn bailout payment for Greece

GREECE’S Syriza government hailed the unlocking of more EU bailout money yesterday after the latest austerity cuts.

European creditors agreed to release the latest tranche of €8.5 billion (£7.4 billion) on Thursday night after weeks of hard bargaining.

The deal staved off the latest looming debt default, with an instalment due next month.

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