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Greek Debt Talks: 'We're Not There Yet'

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...

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