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Paul Mason: crucial deadline looms for Greek bailout
Posted
June 3, 2015
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June 3, 2015
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3:51Now PlayingGreece must repay €300m euros to the International Monetary Fund by this Friday - but needs further loans if it is to be able to do so.
An agreement was hammered out at a late night meeting of the EU, the European Central Bank and the IMF in Berlin last night and it is to be presented to the Greek Prime Minister, Alexis Tsipras, later.
It would unlock more than seven billion euros in rescue loans - but would only come in return for tough economic reforms.
Our Economics Editor, Paul Mason is in Athens.
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