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Lagarde Insists on Greek Debt Easing as Germany Allows Talks

Bloomberg business news

Difficult to See How This Deal Will Get Done: Derrick

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International Monetary Fund chief Christine Lagarde reminded European leaders that they may still need to give more help to Greece as German lawmakers paved the way for new aid negotiations.

The agreement to negotiate a bailout program worth as much as 86 billion euros ($94 billion) over three years won’t be enough to keep the euro region together unless Greece’s creditors also lower the country’s debt burden to boost its growth prospects, Lagarde said Friday.