Euro Zone agrees on 130-billion-euro bailout for Greece
Posted by seumasach on February 21, 2012
21st February, 2012
Following marathon talks in Brussels, euro-zone finance ministers have agreed upon a second rescue package for Greece, worth 130 billion euros. The deal saves Athens from having to default in March. As part of the agreement, the private sector will take a 53.5 percent haircut on its holdings of Greek debt.
