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EU and IMF will create a additional quit by to Athens this few days
-- getting just finished an inspection -- to look at modifications the
continent desires to produce in the direction of plan, Olli Rehn, the
EU's monetary affairs commissioner, said.In purchase to impose a
deadline on Athens, Juncker stated he experienced presently scheduled
an extraordinary getting together with of euro zone finance ministers
for July 3, once the disbursement from the twelve billion euros will
be authorized -- if Greece keeps its element from the deal.
The euro weakened in the
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of the dollar marginally on Monday as well as the advertising price
of insuring Greek and Italian credit rating debt in the direction of
default rose, a expression from the raising risk of contagion
throughout extremely indebted euro zone states from Greece's
problems.Ratings company Moody's stated on Friday it could downgrade
Italy's Aa2 rating even although in the subsequent 90 times offered
concerns Greece's turmoil could derail Italy's tepid recovery.
While it appears in all likelihood that Athens will at some
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obtain the subsequent tranche, as well getting a additional
emergency bank loan plan of near to 120 billion euros up in the
direction of carry out of 2014, the net final result is only to
purchase Greece additional time -- the chance of the credit rating
debt restructuring even although in the longer-term, as well as
default on the portion of its debt, has not gone away.
Par
laston le lundi 27 juin 2011
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