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Greece offers debt compromises as Merkel remains unmoved

Finance Minister Varoufakis says Greece will implement about 70% of reforms already in current bailout accord

Mr Varoufakis has told lawmakers that the government intends to neither tear up the existing bailout agreement, nor allow the budget to be derailed.


GREECE offered compromises ahead of an emergency meeting with its official creditors on Wednesday as German Chancellor Angela Merkel remained unyielding over terms of the country's bailout conditions.

Greek Finance Minister Yanis Varoufakis told lawmakers that the