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Monday, June 25, 2012

Greek coalition faces showdown with creditors

Greece's new three-party coalition heads for a showdown this week with a "troika" of international creditors -- the EU, IMF and ECB -- over its bid to revise an austerity-centred bailout.

The new conservative-led government, backed by socialists and moderate leftists, debuts with creditor auditors arriving to determine how much -- or little -- has been done and whether or not to disburse much-needed loans.


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