Home Business Euro zone, IMF to seek compromise on Greek debt deal Monday

Euro zone, IMF to seek compromise on Greek debt deal Monday

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Euro zone Finance Ministers and the International Monetary Fund will seek a deal today on Greek debt relief. Without the deal, no new loans can be disbursed to Athens, even though the bailout is now handled only by euro zone governments.

Greece needs new credit to repay some 7.3 billion euros worth of maturing loans in July. Greece has agreed after months of negotiations, with the euro zone lenders and the IMF on pensions and tax reforms.

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