Economics
Greece Seeking Second Rescue Faces Battle to Stay in Euro
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Greece’s fight to win its second international bailout may only open a new chapter in its struggle to remain in the euro area.
The rescue plan, which European officials and Greek creditors say may be wrapped up in coming days, includes a loss of more than 70 percent for bondholders in a voluntary debt exchange and loans likely to exceed the 130 billion euros ($171 billion) now on the table.