Euro zone finance ministers reached a long-delayed 130 billion euros second bail-out for Greece after strong-arming private holders of Greek bonds to take even deeper losses than they had agreed last month. According to European diplomats, the German and Dutch finance ministers pushed for further “haircuts” after a confidential debt analysis showed that the previously-negotiated deal would cost 136 billion euros and would only lower Greek debt to 129 percent, rather than 120 percent, of economic output by 2020. The diplomats said Jan Kees de Jager, the Dutch finance minister, and Wolfgang Schäuble, his ... (full story)