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Eurozone hopes for Greece debt deal in late May

Debt relief for Greece -- a key demand of the IMF but opposed by Germany -- will be discussed by officials who will report back to eurozone finance ministers on May 24Eurozone finance ministers on Monday gave themselves until May 24 to reach a deal on debt relief and unlocking bailout cash for Greece as they lauded Athens for passing tough reforms. The 19 ministers meeting in Brussels failed to sign off on the long-delayed first review of last July’s 86-billion-euro ($95 billion) EU-IMF bailout — but said this could be done in the “coming days”. Eurogroup chief Jeroen Dijsselbloem said that the Greek parliament’s approval of fresh reforms in a tense vote late Sunday “paves the way for successful completion of the first review” of last July’s bailout.

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