Greek rescue needs bigger aid facility, say sources

A second rescue package for Greece will likely exceed the size of its predecessor, sources told EurActiv, as finance ministers take heed of investors' reluctance to foot the bill. EU finance ministers meeting in Brussels Tuesday (12 July) returned to the drawing board as plans for voluntary rollovers of Greek sovereign debt by the private sector were shot down for fear that this would spark default and market panic.Consequently a second Greek package, including bond buybacks, increasingly ...

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