Greece may get fresh bailout as €78bn Portugal deal agreed

European governments yesterday discussed the prospect of a fresh multi-billion euro bailout for Greece - just a year after committing €110bn - in a bid to calm the markets and stabilise the region's currency.

At a meeting in Brussels - and in the enforced absence of IMF head Dominique Strauss-Kahn (pictured), who is facing attempted rape allegations in New York - 17 finance ministers of the eurozone and ten ministers from outside the single currency agreed on a €78bn bailout for Portugal. They also signed off on the permanent eurozone bailout fund, the European stability mechanism, which is to shore up the currency from 2013, the Guardian reports. However, a major talking point was the possibility of further help for troubled Greece. Reports suggested representatives from the IMF, Europ...