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Greece in last-chance saloon as Eurogroup decides on bailout

2015-07-11 10 Dailymotion

Eurozone finance ministers have been gathering in Brussels for the all-important Eurogroup meeting that could help determine the country’s fate. <br /><br /> The Greek parliament has backed the prime minister’s latest proposals which include austerity measures rejected by the people in last weekend’s referendum.<br /><br /> 251 voted in favour of the proposals and 32 against, in theory giving leftist Prime Minister Alexis Tsipras the mandate needed to complete negotiations with Brussels.<br /><br /> Opinion in the Eurogroup is thought to be divided, even though international institutions have given an initially positive assessment.<br /><br /> “I think we are here to make a lot more progress,” said Christine Lagarde, International Monetary Fund (IMF)Managing Director.<br /><br /> Athens is looking for 53.5 billion euros to cover debt over three years, <br />in return for reforms, spending cuts and tax rises.<br /><br /> Germany – Greece’s biggest creditor – is sceptical after five months of acrimonious talks and rebukes.<br /><br /> But Berlin and others are

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