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Tuesday, July 7, 2015

Greece clings to eurozone hope as Alexis Tsipras battles banking collapse

Prime minister pleads with sceptical leaders to provide two-pronged financial assistance with Angela Merkel saying it is ‘matter of days’ until time runs outGreece is clinging to hopes of remaining within the eurozone as it pleaded with its sceptical European partners on Tuesday to agree fresh financial assistance that would prevent the collapse of its banks within the next few days.Alexis Tsipras, the Greek prime minister, submitted proposals for a third bailout to a summit of eurozone leaders in Brussels, making clear that his country would also need immediate support to stop a banking collapse that would force a return to the drachma. Continue reading...


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