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Greece: May 9 Eurogroup, a step closer to a final agreement

Euro area finance ministers acknowledged in their extraordinary meeting yesterday (May 9) the progress made so far by the Greek government towards the successful completion of the 1st programme review. The contingency mechanism, another prior action for the review, and debt relief were also in the agenda. A final agreement on these issues will be pursued when Euro area finance ministers reconvene on May 24th.