monetary fund. european central bank and european commission. they were all smiles as they left. but for it to work, private investors have to be onboard. they re paying for t hedge funds and other greek and foreign banks are expected to take 53.5% losses. about $140 billion writeoff and deep are cuts were just agreed to a few months ago. they have to be convinced to go with the debt swap where greek bonds pay less for longer. it brings the debt to gdp ratio to just over 120% by 2020. a minimum target. the current ratio is 164%. the united states, just over 100%. the big question is where greece deliver on the promises made. tough measures could be needed.