Greece deal secures second bailout

Greece deal secures second bailout
Tuesday, February 21, 2012 - 9:26am

Eurozone finance ministers struck a deal early tuesday morning for a second bailout for debt riddled Greece. The $172 billion deal aims to cut Greece's debt to 121% of its GDP by 2020.

Without the deal there was a good chance the country would have gone bankrupt. The deal was announced after high level talks that lasted the entire night. Greece's new Prime Minister Lucas Papademos says he's "pleased with the outcome."

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