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Rejected draft text said that Eurozone would make use of flexibility in current program
• Draft called on Greece to refrain from unilateral action • Draft said Greece would request 6 month technical extension of current program • Text said Greece would commit to appropriate primary fiscal surpluses and any new measures should be funded • Greeks indicated that they intended to successfully conclude the program taking government plans into account • Eurogroup favored 6m extension to availability of EFSF bonds in Greek bank bailout fund Reuters with the scoop on the draft document EUR/USD drops to 1.1352