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As Greece's Bailout Moves Forward, Significant Hurdles Remain

From bloomberg.com

Greek bond yields plunged to the lowest level in almost a month after creditors reached an agreement that would allow auditors of the nation’s bailout to continue negotiations for the release of another emergency loan payment. The yield on two-year notes fell 130 basis to 8.17 percent on Tuesday amid expectations that the latest chapter of the Greek drama will have a happy ending. And even though Athens doesn’t have another big debt payment until July, the country will have to overcome several high hurdles before then. Here’s an explainer of what happened at a meeting on Monday of euro-area finance ministers, and ... (full story)

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