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IMF and EU disagree

A significant difference has emerged between the European Union and the International Monetary Fund over how fast Greece needs to reduce its debt burden.

The dispute became public following a meeting of eurozone finance ministers in Brussels last night.

While the government in Athens seems likely to secure €31bn in promised bailout funds within a week or so, Greece's international lenders have clashed over the longer-term date to reduce the country's debt.


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