February 20, 2012
Euro-zone finance ministers met on Monday, expressing optimism they would agree on a long-awaited debt restructuring and second bailout for Greece, but fundamental doubts remain about the economic and political viability of the plan pushed by Greece's international creditors.
The restructuring and €130 billion ($170.9 billion) aid package addresses the most pressing problem facing Greece and the euro zone: a chaotic default on its debt next month that could reignite turmoil in government-bond markets after several months of relative calm.
Jean-Claude Juncker, Luxembourg's prime minister who heads up the meetings of the euro zone's 17 finance ministers, said he was optimistic that a deal would be reached on Monday.
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