The Eurozone members and the IMF have agreed to issue a bail-out package to Greece. The economic condition of the country is too poor and it will receive an 110billion euro of bail out package. As per analysts it is going to rescue Greece's poor economy running these days.

The Eurozone will provide 80billion for this and the International Monetary Fund (IMF) has taken the responsibility to pay the rest amount of money. This has been meant to prevent Greece's big economy crisis. But the deal is yet to receive the approval of another 15 Eurozone countries.

The prime minister of Luxembourg has informed that up to 30billion euro is expected to be given to Greece in the first year. It will be released on the 19th of May this year.

According to the IMF Managing Director, they loan is likely to be approved this week. After this the Greek government has to reedit the protocols of taxes, pensions and public service pay. The Eurogroup is trying hard to resolve the Greece crisis because it will affect all other states as they all are using the same currency.