Eurozone Reaches Deal on 2nd Greek Bailout

The dollar just fell off a cliff, dropping 50 basis points in seconds, and the EUR/USD went vertical on the Eurozone announcement of the New and Improved Greek bailout.
Terms include:
* 130 billion euros for Greece.
*Greece to cut deficit to 121% of GDP by 2020. 
*Bondholders receive 75% haircut.

The ISDA will now be forced to label a 75% haircut a voluntary restructuring rather than a debt default. 
Pardon the brevity of this post as The Doc calls his lender to arrange a 75% voluntary debt restructuring on his home mortgage. 
"Let's call it even". 
I promise to be able to pay my interest only by 2030.