IMF statement on Greek bailout

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IMF’s Lagarde to propose €28 bln arrangement for Greece to Executive Board next week to help Greece overcome crisis http://t.co/6P8XhrVM

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Greece meet bailout conditions

Greece's credit rating has been downgraded by the rating agency Fitch to "Restricted Default" after 85% of private investors holding Greek bonds agreed to a cut in their value. It means conditions are now in place for it to receive a £110bn bailout.