July 15, 2011
European leaders will convene on Thursday for an emergency summit on Greece, in a quest to resolve the festering debt crisis threatening ever more euro-zone countries.
The summit will aim to approve a plan for private-sector involvement in financing the Greece government, senior European officials said.
Such an agreement would resolve the last major stumbling block to a fresh bailout package for Athens, needed to prevent the country from defaulting on its roughly $500 billion of debt.
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