New details on what Greece’s second bailout are emerging and they look like this, according to Reuters (via Zero Hedge):
- €30 billion from the sale of government assets
- €30 billion from the private sector (bond holders)
- €60 billion from the EU and IMF
This second bailout is key to Greece receiving the next tranche of its current EU-IMF bailout, as it assures that the country will be able to pay its bills this year.
It has been a wild morning for the euro, but this news appears to have given it a slight bump.
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