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'EU Has Not Yet Faced the Whole Sad Truth About Greece'
At first glance, the euro-zone finance ministers' agreement on a new bailout for Greece seemed like a decisive step that would save the country from default. Politicians had no shortage of praise for the deal, reached in the early hours of Tuesday morning after marathon talks in Brussels. But as analysis of the deal began, concerns over its effectiveness also started to grow. Many observers see the rescue package's targets as overly optimistic. There are doubts that Greece will really be able to get back on track for growth and reduce its public debt from the current level of over 160 percent of gross domestic ... (full story)
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