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Greek reform proposals fall far short of commitments, say EU officials

Greek bonds fall on doubts about next tranche of EU aid funds and as ministers hint at referendum

The Greek government led by Prime Minister Tsipras is walking a tightrope between sticking to the election pledges, which found resonance in a country with a 26 per cent unemployment rate, and avoiding default and a possible exit from the euro region.


GREECE's provisional agreement with creditors to avert a default started to crack as European officials said the country's latest proposals fell far short of what was put forward two weeks ago and Greek ministers floated the prospect of a referendum if their reforms are rejected....

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