Greek Debt Issue Stymies EU Deal

EU leaders, banks still divided on issue of bondholder losses.

European Union talks with banks on bondholder losses as part of a second Greek bailout ran aground, an EU official said, dimming the chances for a comprehensive crisis-fighting strategy at tonight’s summit.

German Chancellor Angela Merkel and French President Nicolas Sarkozy, leaders of Europe’s two biggest economies, may step out of the leaders-only summit to meet bankers in an effort to break the deadlock, a person familiar with the discussions said.

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