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E.Tsiliopoulos

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US pressure on EU at G7 to deal with Greece?

The United States is likely to press Europe at the G7 finance ministers meeting this week in Germany to reach a deal on funding-for-reforms with Greece, an official close to the discussions said on Tuesday.

Athens and Berlin downplay possible Greek default

Greek and German officials have tried to play down the possibility of a default by Athens on a looming €300m loan instalment owed to the International Monetary Fund despite mounting evidence that the country is running out of cash.