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Greek crisis: by Saturday, we’ll know where Greece is going

The mood is becoming more conciliatory, but the possibility for fractures still exists

By George Magnus  

A woman holds a bank queue paper to enter a branch for limited services in Athens. © AP Photo/Thanassis Stavrakis

Yesterday, the Greek government wrote a formal request to the European Stability Mechanism’s (ESM) €500bn bailout facility asking for a three-year loan. By tonight, Prime Minister Alexis Tsipras has to fulfil a commitment he made to set out and deliver to creditors detailed proposals for a “comprehensive and specific” reform agenda.

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