0808 GMT December 06, 2019
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Pakistan's Prime Minister Imran Khan is expected to meet the chief of the International Monetary Fund (IMF) to discuss issues that have interrupted bailout negotiations, an official says.
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A UK university had to be given an emergency loan of almost £1 million by the higher education watchdog to stay afloat this autumn.
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Greece is exiting the painful bailout programs this summer after eight difficult years of acute debt crisis, wiser and with good prospects for the future which can be constructed on the foundations of a new growth model, Greek Economy and Development Deputy Minister Stergios Pitsiorlas told Xinhua.
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Bailout negotiators have returned to Greece to try and reach a deal by the end of the year on the terms for the next loan payout, as the debt-plagued country prepares to end eight years of rescue funding programs next summer.
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Credit ratings agency Moody's raised Greece's long-term issuer rating to 'Caa2' from 'Caa3' after eurozone governments extended a credit lifeline to the country.
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Greece's parliament has approved a new package of austerity measures needed to release the next installment of its multi-billion-dollar bailout.
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Greece agreed on a fresh set of reforms with its eurozone creditors on Friday with hopes that Athens could unlock bailout cash in time to avert a debt default just months away.
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Greece's government said members of the International Monetary Fund's executive are in disagreement on bailout measures required for the debt-plagued country, complicating efforts to break an impasse in talks.
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Michel Sapin, France’s finance minister, warned that the ‘window of opportunity’ for a deal on the next stages of Greece’s bailout program was closing, as a ministerial meeting in Brussels failed to make headway in resolving a split between Athens and the International Monetary Fund.
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Italy has a rescue plan for its banks. Problem solved, right?
Well ... not so fast.
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European officials have agreed to unlock €10.3 billion in bailout money for Greece as the International Monetary Fund made a significant climbdown in its demand for upfront debt relief for the recession-hit country.
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The German parliament is preparing to vote on a new bailout package recently approved by European leaders.
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