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Europe gives Greece another four months
Europe has agreed to extend its financial lifeline to Greece by four months from the end of February. The deal struck by finance officials at talks in Brussels should keep Greece afloat and safely in the euro while it works out a longer term plan for the economy. But Greece still needs to come up with a list of reforms acceptable to its creditors, including the International Monetary Fund and the European Central Bank, by Monday for the massive bailout to be extended beyond the end of the month. The list will need to be agreed upon by the various institutions involved by April. "The Greek authorities will ... (full story)
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