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Greek deal faces key vote as IMF threat looms
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 ... (full story)
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