U.S. Presses Europe to Take Steps to Reduce Greece's Debt Burden

  • Investors need confidence Greece's debt is sustainable
  • Servicing obligations are only part of the equation, U.S. says

The U.S. is pressing euro-area countries to agree to an overhaul of Greece’s debt to give private-sector investors confidence that the nation’s borrowing burden is sustainable, a U.S. Treasury official said.

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