

Eurozone finance ministers are holding late-night talks to try to secure a vital second bailout for Greece.
They have said they are hopeful of reaching a deal at the Brussels meeting, with France’s Francois Baroin saying all the elements are in place.
But his Greek counterpart Evangelis Venizelos said haggling would go on “until the very last minute”.
Athens needs the 130bn euros (£110bn; $170bn) in order to avoid bankruptcy next month, when loans must be repaid.
The rescue plan would also write off 100bn euros of debt, with private lenders accepting a 70% reduction in what Greece owes them.
In return, they would receive cash and new bonds, expected to mature in 30 years’ time.
Negotiations to write off even more debt are being held in parallel in Brussels between Greek officials and their international lenders on the one hand, and bank chiefs on the other, say officials.





