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Euro ministers strike late night deal on Greek aid
by Alex Steger on Nov 27, 2012 at 08:14
Eurozone finance ministers and the International Monetary Fund have reached a deal on an urgently needed bailout for debt-laden Greece.
The ministers have agreed to cut debts by €40 billion (around £32bn) and paved the way for releasing the next tranche of bailout loans, around €44 billion.
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As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
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