If you've quite finished puking, here's some sober news.

Amid growing political unrest in Greece and escalating protests against the government's austerity measures, the European Union has postponed a decision on a second multi-billion euro rescue package for the debt-ridden nation at least until mid-July.

However, the European Commission, the executive arm of the 27-nation EU, said on Thursday that a bankruptcy will be averted by releasing the fifth tranche of 12 billion euros from last year's bailout package of 110 billion euros (159 billion dollars) when euro zone finance ministers meet in Luxembourg over the weekend.

This will help prevent Greece defaulting on its debt repayments due next month and ensure that it will remain solvent until September.