Europe promised Monday to unblock existing bailout loans for Greece and draw up a second financial rescue as long as its parliament approves fierce new budget cuts and a raft of asset sales.
After seven hours of crunch talks aimed at averting Greek default and fears of a domino effect across their shared currency area, eurozone finance ministers dangled both carrot and stick at Greece.
They said the Eurozone and the IMF would release 12 billion euros of loans in "mid-July" once lawmakers did their bit.
AFP
