"The most important parts of the second package to rescue Greece, as was agreed on 20 February in Brussels by the Eurogroup, are the Private Sector Involvement (PSI) initiative to cut the nominal value of sovereign Greek debt by 53.5%, and the new soft-loan package of €130 billion, to be provided to Athens over the programme period by the other 16 Eurozone governments and the International Monetary Fund (IMF)." (Quoted from article)