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Eurozone leaders thrash out Greece bailout deal


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Eurozone leaders were thrashing out a Greek bailout deal through the early hours on Monday after Athens received an ultimatum to accept harsh reforms or be forced to leave the single currency. Time was running out to get a desperately needed debt agreement in place after 10 hours of talks in Brussels, with Greece's economy and banking system at risk of imminent collapse. Europe appeared at its most divided for decades as Greece and its 18 eurozone partners worked on a statement detailing steps expected from Athens, including the enactment of reforms in parliament by Wednesday.

 

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