Greece cleared by eurozone fund for €2bn bailout loan

Agreement comes in wake of yet more austerity measures - opposition to which has seen government's majority in parliament drop to just three seats

Greece has been formally cleared to receive its next bailout loan, worth a2bn (1.4bn), after it agreed to implement new austerity measures.

The eurozone bailout fund, the European Stability Mechanism (ESM), said on Monday it had agreed to release the next instalment of the country's bailout programme, following a a13bn payout in late August.