Euro Zone Leaders: Greece Must Do More to Earn Rescue

Euro zone leaders told near-bankrupt Greece at an emergency summit on Sunday that it must enact key reforms this week to restore trust before they will open talks on any new financial rescue to keep it in the European currency area.
Six sweeping measures including tax and pension reforms will have to be enacted by Wednesday night and the entire package endorsed by parliament before talks can start, a draft decision sent by Eurogroup finance ministers to the leaders showed.
A senior EU source said such a temporary exit from the euro was illegal and would not survive in the summit statement.



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