Euro area leaders face tough choices over Greece

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European leaders are set to meet in Brussels on Thursday to flesh out a plan for Greece that is expected to include private sector involvement in a rollover of Greek debt.

François Head, a spokesperson at the European Union, told CentralBanking.com on Tuesday that heads of state had been invited by Herman Van Rompuy, the president of the European Council, to set out general principles and "clarify" its strategy for Greece and other peripheral countries, including the use of private sector

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