Debt-Restructuring

Greece Accepts Second Troika Bailout of €130 Billion with 53.5% Private Debt Haircut

| Importance: 8/10

The Eurogroup endorses Greece’s Second Economic Adjustment Programme, providing €130 billion through the European Financial Stability Facility (EFSF) mechanism along with approximately €12 billion from the IMF, running until June 2015. The EFSF ultimately disburses €141.8 billion total. …

European Financial Stability Facility International Monetary Fund European Central Bank Greek private creditors shock-doctrine imf austerity greece troika +2 more
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