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Friday, Nov 23
2012, 5:11 AM
The Troika is reportedly inching closer to a deal that would allow Greece to receive the next...
The Troika is reportedly inching closer to a deal that would allow Greece to receive the next tranches of its bailout, with the IMF agreeing to deem the country's debt viable if it falls to 124% of GDP by 2020 instead of 120%. That apparently means that the funding gap that negotiators need to plug falls to around €10B, for which several proposals have been made. It seems to be a case of, if you pass the red danger line, move the line.