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Greece faces recession warning as bailout talks set to reopen

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Left-wing Prime Minister Alexis Tsipras (above) must negotiate a bailout worth up to 86 billion euros with sceptical lenders, while struggling to hold his divided Syriza party together.

Athens

GREECE'S most influential think-tank warned on Thursday of a sharp drop back into recession in a report that came hours after Parliament approved a second package of reform measures aimed at securing a new bailout from international lenders.

In its quarterly report, the IOBE