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The Monitor's View Debt relief for Greece? Rules first.

After five years of temporary fixes to Greek debt, some debt relief for the country is now a live topic. As new talks begin for a bailout loan, both lenders and Greece must keep emotions at bay.

AP Photo

The rules of debt forgiveness are rarely set in stone, whether for an individual, a company, or a country. That’s because debt leniency requires a judgment call on moral obligations, legal repercussions, and practical circumstances – for both lender and debtor. 

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