The Greek flag flies at the top of the Athens Academy building, on Friday, Feb. 13, 2015. (AP Photo/Petros Giannakouris)
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Signs that Greece and its European creditors are open to compromise boosted market hopes Friday that the sides can reach a deal to save the country from bankruptcy.How long that might take is unclear, though Greece will need some sort of deal by Feb. 28, after which its bailout program ends.Greece's new left-wing government is pressing for a short-term "bridge" agreement with eurozone lenders and a longer-term debt relief deal later this year.That could consist of limited financing for Greece over the next few months in exchange for measures on which Greece and the creditors can agree, such as institutional reform and cracking down on tax evasion.Tsipras' government argues that a change of course is vital for Greece after a six-year recession and dramatic rise in poverty, which he blames on the budget austerity measures creditors have demanded.
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