Euro-zone countries are divided over the terms of Greece's second 109-billion-euro ($148 billion) bailout package amid mounting concerns that Greece's funding needs have risen significantly over the past couple of months, the Financial Times reported Tuesday.
As many as seven of the 17-member bloc are arguing for private creditors to take a bigger writedown on Greek bond holdings, the newspaper said, citing senior European officials.
As things stand, hardliners in Germany and the Netherlands are calling on the private sector to take a bigger hit on Greek debt while France and the European Central Bank are resisting the move, according to the newspaper.
The report played a part in taking the steam out of the U.S. stock market's rally although the Dow still closed the session 1.3% higher at 11,190.69 points.
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