Wall Street Journal
July 11, 2011
European Union President Herman Van Rompuy has called a meeting of top EU policy makers Monday to discuss plans for a second bailout package for Greece, EU officials said on Sunday.
The gathering comes as Europe continues to struggle with a contentious issue: whether and how Greece's private-sector creditors should share the burden when the anticipated second aid package is doled out to the debt-burdened country.
Germany and other euro-zone nations are pushing for some form of burden-sharing—for instance, delaying repayments to private-sector bondholders whose debt is about to mature. The European Central Bank is opposed.
Mr. Van Rompuy's meeting will include ECB President Jean-Claude Trichet, Luxembourg Prime Minister Jean-Claude Juncker, European Commission President José Manuel Barroso and EU economy commissioner Olli Rehn.
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