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Greece wins 'positive' report from creditors

Published on Nov 12, 2012 8:29 PM

BRUSSELS (AFP) - Euro zone finance ministers will mull next steps to bring Greece back from the brink of bankruptcy on Monday after Athens received a "positive" report card from its international creditors.

Greece has "delivered" on its economic reform pledges and a long-awaited report from its "Troika" of creditors - European Union, European Central Bank and International Monetary Fund - is "positive", said Mr Jean-Claude Juncker, who heads the Euro group of finance ministers.

The payment of a key 31.2-billion-euro (S$48 billion) tranche of funds to stave off bankruptcy in Greece has been held up since June pending judgment on the credibility of its economic reforms by the Troika.

Arriving for talks between the 17 euro zone finance ministers later in the day, Mr Juncker said they finally received the report on Sunday night and it "is positive in its fundamental tone because the Greeks really delivered. Now it is for us to deliver."

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