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Greek deal 'good for Taoiseach'

The deal to extend Greece's bailout will be a relief to Taoiseach Enda Kenny because any debt concessions for the country would have reflected poorly on the Government here, an analyst has said.

As Greece prepares economic reforms in exchange for the four-month extension, Cantor Fitzgerald Ireland said the threat of a Greek exit from the eurozone has been averted, for now. The agreement removed the immediate threat of Greece running out of money next month and possibly being forced from the eurozone.