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Wednesday 13 December 2017

Berlin takes hard line on Greece

Eurozone

Germany rejected a Greek proposal for a six-month extension to Greece's eurozone loan agreement yesterday, saying it was "not a substantial solution" because it did not commit Athens to stick to the conditions of its international bailout.

Berlin's stance has set the scene for tough talks at a crucial meeting of eurozone finance ministers today when Greece's new leftist-led government, racing to avoid running out of money within weeks, will face pressure to make further concessions.

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