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Greece Makes Last-Minute Proposal to Lenders to Avert Default

Debt-ridden Greece made a new last-minute bailout proposal to its international lenders Tuesday to avert a default, with European finance chiefs saying they would consider it in an emergency phone conference. Athens made the offer just hours before its current bailout expires at midnight, even as the government had already said it would not make a $1.8 billion loan payment it owed the International Monetary Fund on Tuesday. Details of the new offer were sketchy, but the office of Prime...

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