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Greece urgently needs more debt relief—will it get it?

The country will exit its third bailout programme in August. Eurozone finance ministers meet next month to discuss options

By Paul Wallace  

Photo: Ye Pingfan/Xinhua News Agency/PA Images

In August Greece is due to leave its third bailout programme. That exit will be one to celebrate unlike the potentially catastrophic Grexit from the euro so narrowly averted in the summer of 2015. The hope is that it will close a tumultuous chapter in modern Greek history, which started with the first rescue in May eight years ago, included the write-down of over half of its privately held sovereign debt in 2012, the first default by an advanced country for more than…

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