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Monday, June 22, 2015

Creditors offer Greece six-month bailout reprieve as Tsipras weighs response

Deal may also include up to €18bn in rescue funds, and later debt relief, but EU officials stress Greek prime minister must make concessionsGreece’s international creditors are aiming to strike a deal to stop Athens defaulting on its debt and possibly tumbling out of the euro by extending its bailout by six months and supplying up to €18bn (£12.9bn) in rescue funds.The Brussels-based negotiators are also proposing to pledge debt relief for the austerity-battered country – but officials stressed that a breakthrough hinged on a positive response from the Greek prime minister, Alexis Tsipras. Continue reading...


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