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EU Hunts Formula to Keep Greece in Euro Zone
European finance ministers started work on reviving Greece’s troubled rescue program after Prime Minister Alexis Tsipras took office promising to end austerity. Finance chiefs from the 19-nation euro area signaled their willingness to do a deal with Tsipras -- so long as the new Greek prime minister drops his demand for a debt writedown. At a meeting in Brussels on Monday, ministers agreed quickly to work with the new government to help keep Greece in the euro, Dutch Finance Minister Jeroen Dijsselbloem said. Creditors’ demands for more reform must balance against voters’ exhaustion so Greece won’t run out of ... (full story)
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