European sovereign debt crisis timeline

Greece starts new talks with creditors, eyeing debt relief

The Greek government has launched a new round of talks with bailout creditors on demanded reforms and cutbacks, whose success could lead to a lightening of the country's debt load.

The negotiations started in Athens Tuesday with meetings between the ministers of finance, energy and development and representatives of Greece's European partners and the International Monetary Fund.

IMF awaits short-term measures for Greek debt easing

The International Monetary Fund on Thursday linked the subject of debt-easing measures to the implementation of reforms in Greece, while central banker Yannis Stournaras stated that the country will need more than just short-term debt lightening measures to be allowed into the quantitative easing program (QE).

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