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Tuesday, October 9, 2012

Greece must implement measures, eurogroup says

Greece must commit to implementing the fiscal adjustment programme by October 18 in order to receive the next tranche of the EU/IMF bailout loan, Finance Minister Yannis Stournaras was told at Monday's Eurogroup meeting in Luxembourg.

At a press conference after the meeting, Eurogroup chief Jean-Claude Juncker and International Monetary Fund (IMF) chief Christine Lagarde acknowledged the "substantial progress" made by Greece, particularly recently.

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