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Varoufakis says Greece committed to reforms, rules out more austerity
Greece is committed to liberalizing its economy, reforming its pension system and running a reasonable primary budget surplus, Finance Minister Yanis Varoufakis wrote on Tuesday. But it cannot meet requests from its creditors to adopt further austerity measures this year and beyond as this would cripple its ability to carry out the needed reforms, he wrote in an opinion piece in Italian daily Il Sole 24 Ore, Shut out of bond markets and with bailout payments suspended, Greece intends to make good on its debt obligations but urgently needs more aid to be able to do so, the government said on Monday. It must repay four ... (full story)
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