Euro-area finance ministers reach agreement on a second bailout package for Greece,
Finance ministers have haggled over the terms of new loans, & possible contribution by central banks, and leaned on investors to accept bigger write-offs in a bond exchange that is vital to staving off a Greek bankruptcy next month.
The euro jumped on news of a deal being reached.
It rose almost a cent to $1.3287 at 4:15 a.m.
Steven Morris CA (SA)
Mobie : 083 943 1858
Fax: 086 671 2498
E-Mail: steven@global.co.za
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