By PAN PYLAS AP Business Writer
Markets were subdued Wednesday as investors worried that the Greek bailout plan might not be enough to keep the country from eventually defaulting on its debts and possibly leaving the euro currency bloc.
Under a deal reached Tuesday, Greece will get euro130 billion ($172 billion) from its partners in the 17-nation eurozone and the International Monetary Fund to meet its immediate debt obligations. It is Greece's second bailout following a euro110 billion ($146 billion) rescue in 2010.
Separately, Greece's private sector bondholders will be asked to forgive euro107 billion ($141 billion) in Greek debt by taking a 53.5 percent loss on the face value of their bonds and accepting longer repayment periods and lower interest rates...read more.
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