BRUSSELS—In the early hours of this morning, finance ministers from eurozone countries managed to secure a new bailout deal (237 billion euro) that should keep Greece in the eurozone.
The deal was brokered in Brussels, between governments, the EU, the IMF and private creditors after what was described by some as a ’marathon session' which lasted over 13 hours.
The deal will see private holders of Greek debt encuring losses of 53.5 per cent on the nominal value of their bonds.
