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Wednesday, July 3, 2013

Troika ratchets up pressure on Greece.

The Troika has reportedly warned Greece that it has three days to show it can meet its bailout conditions in order to receive the next €8.1B of its rescue loans. The Troika could refuse to transfer the full amount, or break it up into three monthly payments. There is much dissatisfaction with Greece over its reform efforts, while its attempts to privatize state assets have hit difficulties.

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