Greece to get another 8 bln euros in bailout *PIC*

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Greece to get another 8 bln euros in bailout (by Shawn Langlois)

SAN FRANCISCO (MarketWatch) -- Greece will reportedly receive 8 billion euro ($11 billion) in the six tranche of its first bailout package and will begin working on the new rescue deal if the troubled country's leaders can commit to the terms. Without the payment, which has been delayed for two months, Greece would potentially default as early as next month. Meanwhile, eurozone ministers, in an effort to bolster emergency funds, are working to raise the 440 billion euro European Financial Stability Facility to 1 trillion euro by seeking outside investors and insuring bonds from the more unstable countries in the eurozone, like Italy and Spain.

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