Good news for Greece and the Euro zone. The International Monetary Fund has just approved 28 billion euros in funding for the cash-strapped country over the next four years.The IMF statement said today it will allow 1.65 billion of the funds for immediate release to add to Greece’s economic bailout. The country’s total bailout package now amounts to 172.7 billion euros.This is the second bailout Greece has received over the past couple years. Back in May 2010 it received it’s first bailout amounting to 110 billion euros. In return for both bailouts, government officials are implementing cost-cutting measures, slashing pensions and salaries while raising taxes.