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Greece Expected to Recieve Final Installment

Greece has made "remarkable" progress implementing an austerity program to tackle its debt crisis and is expected to receive the second installment of rescue loans next month, the IMF and EU said Thursday. They warned, however, that the country still faces significant risks and challenges. Greece came to the brink of defaulting on its mountain of debt in May, and was saved by the first installment of a euro110 billion ($145 billion), three-year package of rescue loans set up by the International Monetary Fund and by other European Union countries using the euro currency.
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