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Greece and its creditors moved closer to clinching a deal this weekend that would keep the country from defaulting on its debts and falling out of the euro bloc, after Prime Minister Alexis Tsipras made more concessions Friday.Greece has agreed to reforms that are close to what creditors have demanded before they release new loans, officials said on condition of anonymity because of the sensitivity of the negotiations. The creditors in return offered Greece a five-month extension to its bailout program, which is due to end Tuesday.The concessions come only days after Greece proposed 8 billion euros in budget savings over two years. Greece has to pay 1.6 billion euros to the IMF Tuesday.That would likely plunge Greece back into a deep and long recession and shake European and global markets.
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