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Greece Unlikely to Secure its Delayed Bailout Payment Next Week

Greece cannot receive its much-delayed and critically-needed bailout tranche of €31.5bn (£25bn) unless its national debt level is deemed to be on a path of eventual sustainability, but Athens will not be allowed to default on €5bn of debt that needs to be redeemed next week, a senior eurozone official said on Friday.

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Greece Unlikely to Secure its Delayed Bailout Payment Next Week