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European Union

After Greece’s apparent ‘No’ to bailout terms, Germany and France call for a eurozone summit on Greece

There are no explicit provisions in EU rules for summits of eurozone leaders, but they can be held in exceptional circumstances.

Europe’s pointless exercise in Greek austerity

WASHINGTON, D.C. — History repeats itself, first as tragedy, then as farce, and finally as trolling. That, at least, is the case in Greece, where its lenders want it to cut its pensions rather than hike its business taxes, because they're afraid those increases would, as the Financial Times' Peter Spiegel reports, "crimp economic growth."

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