Source: Greece to get $170B bailout, reduce debt

A man collects bread from a trash bin in the northern port city of Thessaloniki, Greece, Wednesday, Jan. 4, 2012. Welfare agencies and charity groups have warned of a spike in poverty and homelessness in Greece due to the effects of the financial crisis. (AP Photo/Nikolas Giakoumidis)

February 20, 2012 7:49:20 PM PST
After more than 12 hours of talks, the countries that use to euro agreed early Tuesday to hand Greece ?130 billion ($170 billion) in further bailout loans to save it from a potentially calamitous default, an EU diplomat said.