After a 13 hour marathon of talks, Eurozone ministers finalized measures to cut Greece's debt to around 121 percent of gross domestic product by 2020. The second bailout which was approved to avert an imminent Greek bankruptcy would offer Greece a 130-billion-euro bailout package with strict conditions attached, following the 110 billion euro it received from the euro zone and the IMF in May 2010. Private-sector creditors agreed to take a write-down on their bonds of 53.5%—more than the 50% writ