Greece Passes Key EU/IMF Test, To Meet 2010 Deficit Cutting Target

Int’l inspectors on Thursday applauded Greece’s efforts to exit its debt crisis, endorsing a fresh 9 billion euro payment from an EU/IMF bailout scheme, but urged reforms in energy, banking and the public sector. In their most positive assessment so far, IMF, ECB and European Commission officials said Athens would likely meet this year’s deficit cutting target, though risks remained – Reuters

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