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Greece wants 'fair solution' to debt offer stalemate

Greece wants to find a "viable and fair solution" with its EU and IMF lenders to agree an aid package, a government official has said.

On Friday, Greek prime minister Alexis Tsipras labelled a cash for reforms offer by the debts-seeking EU as "absurd".

Earlier, European Commission President Jean-Claude Juncker said a Greek exit from the single currency area is not an option but that does not me he could "pull a rabbit out of a hat" to prevent it.

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Varoufakis: Greece aims to meet all debt obligations

Greece plans to meet all its debt obligations, its finance minister Yanis Varoufakis has insisted.

When asked on Greek radio whether Athens would make a €300m payment to the IMF on Friday, he said: "As finance minister I cannot answer such a question other than to say that the Greek state aims at always repaying all of its beneficiaries."

Greece will not now make that payment until the end of the month, when it will pay a total sum of €1.5bn.

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