Eurozone leaders agree second bailout for Greece

BRUSSELS, July 22 (Itar-Tass) -- Eurozone leaders agreed a second
bailout for Greece at an emergency summit on Thursday which may comprise
109 billion euro plus a contribution of private European banks that may
add another 135 billion in 30 years.
Private investors were offered to voluntarily swap their Greek bonds
for longer maturities at lower interest rates to help Greece.
"We have agreed to create the beginnings of a European Monetary Fund,"
French President Nicolas Sarkozy told a news conference.
European Council President Herman van Rompuy said the European
Financial Stability Facility (EFSF) would be allowed to buy bonds on the
secondary market if the European Central Bank deems it necessary.
Rompuy said banks-creditors voluntarily agreed to contribute to the
stabilization efforts for Greece.
ECB President Jean-Claude Trichet welcomed the adopted bailout for
Greece saying it was critically important for the country.