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June 18, 2015

Eurozone Ministers Talk Greece as Deadline Looms; Thousands Rally in Athens 
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Eurozone finance ministers are holding crisis talks today over the
threat of Greece defaulting on its debts and dropping out of the
eurozone. The Greek government and European creditors are at odds over a
deal before Greece's current bailout expires at the end of month. The
Greek government has rejected European demands for further pension cuts
in exchange for a new loan to help Greece meet its obligations. Ahead of
today's meeting, European Commissioner Valdis Dombrovskis said the onus
is on Greece.

Valdis Dombrovskis: "Technical preconditions for reaching the agreement
are there. What is needed now is really a political will from the Greek
side to do this final effort, to do the final push to reach the
agreement."

On Wednesday, thousands of people rallied in Athens in a show of support
for the government's rejection of more European-backed austerity.

 

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