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Greece News

http://www.businessweek.com/ap/financialnews/D9QGSLC00.htm

The loans, which still need the approval of the International Monetary Fund, should be delivered during the first half of November. The money will keep Greece afloat for a little longer, but most economists agree that the country also needs a substantial cut to its debt load. The finance ministers said they were looking at ways to do that, including imposing bigger losses on the banks that hold Greek bonds.

If those debts aren't reduced, Greece won't be able to raise money on financial markets for another decade, according to a new report by the country's international creditors.