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As the pendulum shifts towards an exit from the Euro for Greece and back again, we are closely watching to adjust our system and deliver changes the market requires.
The latest news indicates Greece will need far bigger debt relief than euro zone partners have been prepared to envisage so far due to the devastation of its economy and banks, a confidential study by the International Monetary Fund seen by Reuters showed. The fund released the document on July 14.
The updated debt sustainability analysis was sent to euro zone governments after Athens and its 18 partners agreed in principle to open negotiations on a third bailout program of up to 86 billion euros in return for tougher austerity measures and structural reforms.
Read our roundup of analysis on the Greek crisis to get up to speed:
Source: Datastream / Fathom Consulting
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