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Greek deal faces key vote as IMF threat looms

From politico.eu

The Greek Parliament is expected to approve drastic austerity measures tonight that will reshape the country’s economic and business landscape, but a surprising development could still kill the deal. The International Monetary Fund has said it may not support the three-year bailout of up to €86 billion because Greece may never be able to repay it without a major debt relief effort. In total, Greece’s debts would be almost twice the value of the country’s economic production. “The events of the past two weeks — the closure of banks and imposition of capital controls — are extracting a heavy toll on the banking system ... (full story)

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