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Tuesday, November 27, 2012

Analysis: Euro zone debt forgiveness lies ahead in Greek mire

IMF Managing Director Lagarde, Luxembourg's PM and Eurogroup chairman Juncker and European Economic and Monetary Affairs Commissioner Rehn address joint news conference in BrusselsBRUSSELS (Reuters) - Within minutes of euro zone finance ministers reaching a deal to cut Greece's debt late on Monday, commentators on Twitter were dismissing it as another exercise in "kicking the can down the road". To an extent that is true. Under the agreement, the euro zone and the International Monetary Fund will give Greece two more years to reach its budget goals and will find another 44 billion euros ($57 billion) to keep the country afloat in the meantime. ...



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