After more than 12 hours of talks, euro zone finance ministers approved a new bailout of 130 billion euros, or $172 billion, under which private investors in Greek debt will take steep losses to help stave off a default.
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Europe Agrees on New Bailout to Help Greece Avoid Default
Posted by kagan 94 days ago (http://www.nytimes.com)
After more than 12 hours of talks, euro zone finance ministers approved a new bailout of 130 billion euros, or $172 billion, under which private investors in Greek debt will take steep losses to help stave off a default.
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