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Greece debt deal
On March 8, 2012, Greece announced that it had closed a groundbreaking deal with private lenders to prevent Greece's default. The deal will allow for bailout from the International Monetary Fund (IMF)and will lower interest rates in other EU countries. If the deal is unsuccessful, a default by Greece could potentially force the country out of the EU monetary union.
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- Part of Speech: proper noun
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- Category: International economics
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