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IMF, the missing piece in Greek debt deal
Fund wants Europe to provide debt relief in order for it to give cash towards next Greek bailout
Add BT as a preferred sourcePublished Sun, Aug 16, 2015 · 09:50 PM
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New York
AT long last, European creditor nations and Greece have reached an agreement on a third bailout in five years.
The bailout, which was approved by Greece's Parliament on Friday, included familiar details: in return for an infusion of 86 billion euros, (S$134.4 billion), Greece has promised to increase taxes, cut spending and enact measures to make its economy function more efficiently.
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