Greece Rushes to Craft Reform Plan as EU Chiefs Voice Skepticism
Lagarde and Lew Call For Action to Avoid 'Grexit'
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Prime Minister Alexis Tsipras is under pressure to show how far he’s willing to go to keep Greece in the euro as European leaders express skepticism he can deliver tough reforms.
With a cacophony of voices predicting a possible exit of Greece from the currency, the government has until Thursday midnight to present an economic plan that includes spending cuts, in exchange for a new bailout. Pressure is also mounting on Greece’s creditors to make the country’s debt more sustainable, giving it a chance to rebound from a crisis that has slashed a quarter of its economy.