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Greece will be given an extension until 2016 to get its budget to record a 4.5% primary surplus,...

Greece will be given an extension until 2016 to get its budget to record a 4.5% primary surplus, according to a draft MOU seen by the WSJ. It's hard to believe after what's transpired in past months, but some still believe the EU is going to let Greece go. It's not happening. European stocks and the euro shoot to session highs.
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