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Greece Update
- The Greek Prime Minister says that Europe needs to take action and asks for help
- The PM warned again this morning that high borrowing costs would endanger its deficit cutting plans and that the country is keeping its options open in terms of sources of aid. The PM also
said he prefers a European solution.
- A German official said Greece should go to the IMF for bailout
- Greek Finance Minister denies Dow Jones report that Greece will resort to asking IMF for assistance
- The EU's executive reassured Greece that the bloc was ready to help Athens overcome its financial problems but again provided no details.
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