Greek government will implement austerity grudgingly
A review of bailout implementation has concluded with a payout but no immediate creditor commitment to debt reduction
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In this article
- Debt relief?
- Payout covers debt due plus arrears
- No return to financial markets
- Debt sustainability
- Political costs
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_350.jpg "European Stability Mechanism Managing Director Klaus Regling meets Greek Prime Minister Alexis Tsipras in Athens, June 28 (Reuters/Alkis Konstantinidis)")