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Agreement not recessionary

The agreement in its entity will not be recessionary, Alternate Foreign Minister Euclid Tsakalotos said in statements to state broadcaster ERT.

Tsakalotos said the Greek government is fighting so that the burden is shared in a more fair way.

"We are closer than ever to an agreement," he underlined adding that a failure to reach an agreement it would trigger problems to all Europe. Tsakalotos added that the debt is issue has also been raised and underlined that the government's aim is a sustainable and social fair solution.