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Eurozone agrees to release 43.7bn euros

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BRUSSELS, Nov 27 AFP

November 27 2012, 11:33AM

Eurozone finance ministers have agreed to release 43.7 billion euros ($A54.63 billion) in loans to Greece, after months in which Greece was starved of bailout financing.

Two sources told AFP on Tuesday that the eurozone has agreed to release the money after a deal that could lead to a long-term debt write-down by currency partners, saying it would be handed over "in one go".