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EU official: banks to take 50 percent cut on Greek debt in key deal in eurozone debt crisis
BRUSSELS (AP) ' A European Union official says the currency union's leaders have reached a deal with banks to take losses of 50 percent of their Greek bonds in a key move to solve the eurozone's debt crisis.
The official was speaking early Thursday morning on condition of anonymity pending an official statement.
A second official confirmed that there was a voluntary deal.