Greece focused on new efforts to reach bailout deal

Greece is to re-double its efforts to reach a deal with its creditors so that it obtains the loans it needs.

Greece focused on new efforts to reach bailout deal

Greece is to re-double its efforts to reach a deal with its creditors so that it obtains the loans it needs.

The country's finance minister, Yannis Stournaras, has been in talks with the Troika since the end of July about new austerity measures for 2013 and 2014.

Greece has to make further savings of €13.5bn in 2013 in order to gain access to €31.2bn in loans.

This sum would come from a total loan of €140bn promised in February but held up by Greek's political crisis in the spring and the subsequent long negotiations with the Greek government.

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