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Brussels blog by some wire service journalists

Draft deal for Greece includes fund overhaul

By GABRIELE STEINHAUSER

BRUSSELS (AP) _ A draft of a deal on a new bailout for Greece foresees an overhaul the eurozone’s bailout fund in an attempt to stop the debt crisis from engulfing larger countries like Spain or Italy.

The draft, which was seen by the Associated Press Thursday, says private creditors have agreed to contribute to a second rescue package for Greece. It does not say in what form they will contribute.

READ FULL STORY HERE.

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