Eurozone finance ministers have finally approved the terms of a second rescue package for Greece worth €130bn (£108bn), which should avert the risk of a Greek default next month.
The deal was hammered out in Brussels during more than 12 hours of
negotiations that began on Monday afternoon, and ran through the night.
Under the agreement, Greece’s private creditors have agreed to take deeper losses on their Greek debts, helping to cover a new funding gap that threatened to derail the rescue package – Athens’s second since the financial crisis began.
For more on this story, visit: Eurozone reaches deal on second Greece bailout after all-night talks | Business | guardian.co.uk.