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Since the crisis has abated, however, the political pressure for eurozone countries to carry out a major writedown of Greek debt has also eased. Still, the November 2012 agreement requires Greek creditors to begin getting the country's debt levels "substantially below" 110 per cent of GDP by 2022.

There are a lot of other promises for Greece in those agreements as well, which have not been upheld.

by Upstate NY on Fri Mar 13th, 2015 at 10:21:31 AM EST
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