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Greece In Crisis

Kyriakos Mitsotakis: A conservative dynast with a controversial resume

He has pledged to create "better" jobs through growth, foreign investment and tax cuts

Kyriakos Mitsotakis: A conservative dynast with a controversial resume
Updated On : 08 Jul 2019 | 9:11 AM IST

Greece crafts reform plan as EU chiefs voice scepticism

Prime Minister Alexis Tsipras is under pressure to show how far he's willing to go to keep Greece in the euro as European leaders express skepticism he can deliver tough reforms.With a cacophony of voices predicting a possible exit of Greece from the currency, the government has until Thursday midnight to present an economic plan that includes spending cuts, in exchange for a new bailout. Pressure is also mounting on Greece's creditors to make the country's debt more sustainable, giving it a chance to rebound from a crisis that has slashed a quarter of its economy.European Central Bank President Mario Draghi in a Corriere newspaper interview published Thursday characterized the Greek situation as "really difficult." The continent's most-indebted country has never been closer to leaving the currency after more than six European leaders made clear this is its last chance. Failure to get a deal could result in the ECB cutting funds to Greek banks, forcing the country to issue IOUs or som

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Updated On : 10 Jul 2015 | 1:36 AM IST