Home > Economy > Eurozone reaches deal on second Greece bailout after all-night talks | guardian.co.uk

Eurozone reaches deal on second Greece bailout after all-night talks | guardian.co.uk

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

What is 12 + 16 ?
Please leave these two fields as-is:
IMPORTANT! To be able to proceed, you need to solve the following simple math (so we know that you are a human) :-)
I footnotes