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Greece at Risk of Default After IMF Recalls Negotiators

HeadlineJun 12, 2015

The International Monetary Fund has recalled its negotiators from Greek bailout talks, accusing Greece of failing to yield on demands for pension cuts. The move puts Greece at risk of defaulting on its debts when its current bailout expires at the end of the month. Meanwhile, thousands of Greeks rallied against further austerity measures in Athens.

Costas Maglaras, Greek pensioner: “They cut our salaries and pensions in half. With a small pension, we are supporting our unemployed children, we are supporting their families. What else must happen so that we take to the streets?”

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