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Talk of fresh Greece bail-out lifts euro

Source: Financial Times, 31st May 2011

Tuesday 08.05 BST: Reports that the European Union is drafting a second bail-out package for Greece amid possible concessions from Germany revived peripheral sovereign bond markets and the euro, sending the single currency to its highest level in three weeks. The development follows a warning by the International Monetary Fund last week that it could withhold its next tranche of aid amid opposition to further privatisations and asset sales in Greece.



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