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Greece reports credit progress

Greece and its creditors are starting to draft a technical-level agreement, a government official said, signalling progress in long-running talks to unlock aid for the cash-strapped country.

"At the Brussels Group (of credit negotiators) today procedures to draw up a staff-level agreement are beginning," the official said, adding that Prime Minister Alexis Tsipras would be in touch with other leaders to conclude a deal. The official said the deal would avoid wage and pension cuts.