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| Positive spins. French FM Francois Baroin, left, and his German counterpart Wolfgang Schauble before a press conference. Schaeuble says he's "quite optimistic" about a Greek debt deal. Baroin welcomed actions by the ECB that have helped "reduce tensions in the European banking system." (AP Photo)
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EU, IMF Press Greece on Reforms Before Aid Flows |
The European Union and IMF want Greece to push through more budget cuts and implement a series of long-agreed austerity reforms before they agree on a new bailout. All eyes have been on Athens' debt swap talks, but Greece also needs to convince its euro zone partners and the International Monetary Fund to release a 130-billion euro package if it is to avoid a chaotic default.
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