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EU Leaders Weigh Greek Debt Relief as Second Step in Aid Talks

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Still Major Stumbling Blocks Ahead for Greece: Diebel

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Euro-area leaders said talk of debt relief for Greece is possible once the nation resolves the immediate financing dispute with its creditors.

Easing Greece’s massive obligations won’t be decided in coming days and will instead come later in aid negotiations, French President Francois Hollande told reporters after a Brussels summit on Monday. He said creditors should commit to discussing debt changes as a “second step” after an agreement on Greece’s budget, economy and near-term financing is achieved in coming days.