Greece set to cut 'bloated' public sector

Greek lawmakers have agreed to cut thousands of jobs in the civil service to secure another 8.8bn euros (£7.4bn; $11.4bn) in bailout funds.

The vote clears the way for 15,000 government workers to be fired by the end of 2014.

Its approval means Greece will receive a new tranche of rescue loans from its creditors, the European Union and the International Monetary Fund.

But the layoffs will be coming at a time when unemployment has skyrocketed to more than 27%.

Mark Lowen said it is a historic moment in Greece's political history.