Debt Talks Greece Close to Write-Down Deal with Creditors

Greece on Friday took huge strides toward reaching a deal with its private creditors in an effort to slash the country's debt by 100 billion euros. And with insolvency looming, the agreement comes not a moment too soon.
Progress is being made toward the finalization of a 130 billion euro bailout package for Greece.

Progress is being made toward the finalization of a 130 billion euro bailout package for Greece.

Foto: Orestis Panagiotou/ dpa
cgh -- with wire reports