Greece fends off ECB reckoning with European progress report
Finance minister says Greece is serious on policies in face of a default
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Brussels
GREECE handed the European Central Bank (ECB) an excuse to maintain the life support for its financial system by persuading its sceptical German-led creditors that it's serious about delivering the policies needed to escape a default.
Less than three weeks after a Greek aid meeting broke up in taunts and acrimony, Finance Minister Yanis Varoufakis assured euro-area governments that his country is aiming to strike a bargain to win the final instalments of its 240 billion-euro (S$361 billion) aid programme.
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