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Draghi Says Urgent Need for Greece to Strike Bailout Deal

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European Central Bank President Mario Draghi urged Greece to work quickly toward an agreement with its creditors to curb a deepening financial crisis and quash doubts over its membership of the euro.

Even as he warned investors against dumping the single currency, Draghi said Prime Minister Alexis Tsipras’s government must do “much more work” to show it can satisfy the terms of its 240 billion-euro ($259 billion) bailout program.