Britain's Chancellor of the Exchequer says that they have struck a deal which will prevent any British money being paid to Greece.

A 7 billion euro bridging loan, supported by all members of the European Union, is being paid to the country as part of another bailout.

However according to the BBC that won't include any money from Britain.

They say the deal could cover other non-eurozone countries as well.

Chancellor George Osborne has hailed the agreement as a "significant victory" for Britain.