The Guardian: Greece set to default on massive debt burden, European leaders concede
• Bailout fund may be used to buy back Greek debt • Markets in turmoil amid escalating anxiety By Ian Traynor European leaders bowed to the inevitable and conceded that Greece is likely to default on its massive debt burden, which would be a first among the 17 countries using the euro. They also abruptly shifted tack in the eurozone debt crisis by raising the possibility of using the eurozone's bailout fund ...
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