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New offer to Greece may have stringent conditions, next 48 hours crucial

Jul 07, 2015    

Frankfurt: Greece is at the last chance saloon, thirsty and out of credit. Next stop could be the badlands of euro exit.Without a deal on more bailout loans, the heavily indebted country faces looming financial hurdles in the coming days.If it stumbles, it could leave the shared currency in a chaotic mess. A resounding "no" vote in a referendum Sunday on the tough conditions attached to more loans leaves Athens at odds with its main creditors the other eurozone governments, led by Germany."Greece is in limbo and is sliding fast toward Grexit," said Berenberg Bank economist...

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