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Eurogroup Greece Talks Snagged On Demand For More PSI - Sources
Efforts to complete a new, enhanced bailout deal for Greece have snagged on a demand from the International Monetary Fund and the euro zone that private creditors take an even larger loss than already foreseen, officials involved in the talks said late Monday. Officials said the 16 euro-zone creditor governments had agreed in principle on measures that would reduce Greece's burden to 123% of gross domestic product by 2020, leaving a gap of little more than EUR5.5 billion ($7.3 billion) to be bridged. As reported, that gap originally had been estimated at EUR15 billion. The IMF insists the final rescue plan puts ... (full story)
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