 CNBC.com | Lenders fail to strike Greece deal Sydney Morning Herald A document prepared for the meeting and seen by Reuters declared that Greece's debt cannot be cut to 120 percent of GDP by 2020, the level deemed sustainable by the IMF, unless euro zone member states write off a portion of their loans to Greece. Greece Adopts Measures to Meet Lenders' Demands All Is Not Lost For Greece...and the Euro Greece imposes spending controls to appease lenders |
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