implications
for them are as few as possible.
That report was from Mike Wooldridge.
This is the World News coming to you from the BBC.
The International Monetary Fund has approved a new rescue loan for Greece worth 28bn. The move follows a decision by the eurozone countries to go ahead with a second bailout of Greece worth a total of 130bn. Private sector lenders have already accepted a deep cut in what they are owed.
An organisation that handles most international payments between banks says it'll cut off sanctioned Iranian banks from this Saturday. The move by Swift is designed to enforce EU sanctions on Iran. Here's Mark Gregory.
Swift is a non-profit-making organisation owned by its 7,000 financial institution members around the world. It provides a secure electronic channel for banks in different countries to transfer funds, letters of credit and other cross-border financial dealings. The decision to exclude some Iranian banks will make it harder, but not impossible, for the countries to do business abroad. Swift had come under intense pressure from the US and European governments to cut off Iranian entities associated with the country's nuclear programme.
The government of Ethiopia says it's attacked military posts inside Eritrea which it says were being used to arm and train
militias
. A government spokesman accused Eritrea of using
proxy
militias to launch attacks on Ethiopia. He blamed the groups for the kidnapping and killing of foreign tourists in Ethiopia in January. Ethiopia and Eritrea fought a border war from 1998 to 2000.