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Eurogroup: Institutions Will Return to Greece
The institutions’ missions will be returning to Athens to hammer out a staff-level agreement on remaining reforms, Eurogroup President Jeroen Dijsselbloem announced on Monday after the conclusion of the Eurogroup. Athens is not obligated to legislate measures in order for the institutions to return; if and when new measures are legislated Athens will have the right to apply redistributive measures in the event that targets are met. Ministers have not yet made it clear how many years it will be necessary to maintain the target of 3.5% — something that can only be decided on a staff level agreement. In addition, ... (full story)