Eurogroup agrees on Greek aid package

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Members of the eurozone have agreed to a package of measures aimed at supporting an economic recovery in Greece and returning the country to sustainable levels of government debt.

The Eurogroup, an organisation of European finance ministers, praised Greek progress with economic reforms. In particular, Greece has implemented an ‘Omnibus Law' to enact a range of reforms to strengthen the economy, and agreed a medium-term fiscal plan to reach a primary budget surplus of 4.5% of GDP by 2016.

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