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Greece inches closer to cash-for-reforms deal

Saturday, May 23, 2015 - 01:30

Greek Prime Minister Alexi Tsipras says Athens in ''final stretch'' to reach deal with lenders, and that Greece is ''obliged in these critical moments to have collective responsibility.'' Gavino Garay reports.

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Greek Prime Minister Alexis Tsipras on Saturday says that Greece may be getting closer to reaching a deal with its international lenders that would not involve further pension cuts and harsh austerity. The deal could free up some 7.2 billion euros in remaining aid to avoid bankruptcy while it remains barred from bond markets. (SOUNDBITE) (Greek) GREEK PRIME MINISTER, ALEXIS TSIPRAS, SAYING: "Comrades, we are on the final stretch of a painful and harsh period shaped chiefly, if not entirely, by the new Greek government's negotiations with its partners and the institutions." The announcement of a potential final stretch in the cash-for-reforms deal comes after four months of talks with euro zone partners. (SOUNDBITE) (Greek) GREEK PRIME MINISTER, ALEXIS TSIPRAS, SAYING: "Comrades, we have a lot to do in the future. We are obliged in these critical moments to have collective responsibility, seriousness, decisiveness, solidarity and above all, faith in our own powers. I am deeply convinced that we will be able to respond to the needs of the times and of our society. We must not forget that the people trusted the left for the first time and we cannot let them down." He says any deal would be the product of mutual compromise with European lenders.

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Greece inches closer to cash-for-reforms deal

Saturday, May 23, 2015 - 01:30