IF,BUT,MAYBE,WHEN IT GETS TO, WAITING FOR
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Euro zone to link debt relief to sound future Greek policies
Euro zone creditors are working on a debt relief offer for Greece that would be an incentive for Athens not to backtrack on reforms from its three international bailouts and to continue to stick to prudent fiscal policy, senior EU officials said. Greece is to exit its bailout on Aug. 20 and return to market financing after eight years of living on cheap euro zone loans it got in return for painful reforms, after investors refused to lend to it in 2010 because of its ballooning deficit and debt. Once the bailout ends, Greece will be free to set its own economic policy - a political turning point for the country that ... (full story)
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