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Greece gets its latest lifeline

BRUSSELS, Belgium — Greece has secured a $8.7 billion tranche of bailout money from its international creditors to keep its economy afloat over the summer and haul the euro zone back from the brink of renewed crisis.

Greece's biggest bank NBG posts massive losses

Greece is in its fifth year of recession, which along with the country’s record high unemployment rate has forced its banks to set aside billions of euros to cover potential losses.
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