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Greece passes key EU/IMF test but long road ahead
International inspectors on Thursday applauded Greece’s efforts to exit its debt crisis, endorsing a fresh 9 billion euro payment from an EU/IMF bailout scheme, but urged reforms in energy, banking and the public sector.
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GREECE – BAILOUT : After rates on commercial markets shot up well above eight percent last week on the back of worse-than-expected public deficit figures released by the European Union, Greek Prime Minister George Papandreou issued a dramatic appeal for aid on Friday.
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