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No change in Greek debt talks after another day of spin
The euro leapt, Greek bond yields fell, global financial markets brightened, but nothing actually changed in another day of conflicting statements on Greece's long-running debt talks with international creditors. Traders latched on to an upbeat statement issued by a Greek government official on Wednesday afternoon asserting that negotiators were starting to draft a "staff level agreement" - a prerequisite for releasing any more bailout funds. The snag was that talks had not even resumed at that point due to a Belgian air traffic control breakdown that forced the Greek delegation's plane to land in ... (full story)
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