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Eurozone finance ministers have agreed a second bailout for Greece after marathon talks in Brussels.

Greece is to receive loans worth more than 130bn euros (�110bn; $170bn).

In return, Greece will undertake to reduce its debts to 120.5% of its GDP by 2020 and accept an "enhanced and permanent" presence of EU monitors to oversee economic management.

Greece needs the funds to avoid bankruptcy on 20 March, when maturing loans must be repaid.

After five straight years of recession, Greece's debt currently amounts to more than 160% of its Gross Domestic Product.

The euro immediately rose on reports of the deal, which was announced early on Tuesday, after 13 hours of talks. Repayment takes priority

The deal also means that private holders of Greek debt will take losses of 53.5% on the value of their bonds.

When all the elements of the exchange are accounted for, the loss to investors is expected to be as much as 70%.

Eurozone leaders and the IMF said in October that Greek debt should be reduced to a more sustainable level of 120% of GDP by 2020. Continue reading the main story Analysis image of Mark Lowen Mark Lowen BBC News, Athens

This is in effect uncharted territory for the eurozone - a managed Greek default, with over 50% of the country's private debt being written off. This was not even being considered as an option several months ago.

But the Greek people will be sceptical about this bailout. The deal that has been agreed will mean more austerity and spending cuts, and even more pain for Greeks. Many will be concerned that the new measures will kill off prospects of growth and lock the country into a spiral of recession.

Greeks say that the country's middle classes who have worked hard and pay their taxes are, unfairly, bearing the brunt of a crisis they did not create. They feel Greece's notorious corrupt politicans and wealthy Greeks who evaded tax are to blame.

The deal provides for the presence of EU monitors of Greece's economic management as some members doubt Greece's commitment to its spending pledges.

Within the next two months, Greece will also have to pass legislation giving priority to debt repayments over the funding of government services.

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we met at the school gate and went there together. About two hours later, we arrived. On arriving there, we were given a warm welcome by the farm workers. Then one of the workers showed us around the farm. We were very glad to see the crops and vegetables growing so well. At noon, we had a picnic happily.

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we met at the school gate and went there together. About two hours later, we arrived. On arriving there, we were given a warm welcome by the farm workers. Then one of the workers showed us around the farm. We were very glad to see the crops and vegetables growing so well. At noon, we had a picnic happily.

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in the afternoon, Lin Baojin visited Nanping Brigade Hong Kong Association, was warmly welcomed by the association members.The seventh Brigade Hong Kong Association Council Chairman Wang Dazhi welcoming remarks, he said, one on this day of double happiness, mayor Lin Baojin led a delegation to celebrate and visit us, is extremely cordial, encouraged, thanks to their leaders for a long time Nanping Brigade Hong Kong Association of the concern and support, we will as in the past to care and support the development of home, strengthen economic and trade cooperation, the full support of Wuyi area construction, promote the further development of the economic society of Nanping.

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4 month 20 days, citizens reflect Longkai River Oxbow landscape area, people often park cars, a lot of garbage floating on the river.In this regard, Gardens Bureau said, river garbage is mainly the construction of flood control projects emptying River, causing river garbage can not be cleaned in time.Landscape along the garbage is dumped haphazardly nearby residents, some residents also will be a lot of decoration garbage into the lawn, adds to the complexity of environmental protection.And the public traffic in the landscape road, in principle is not allowed.

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we met at the school gate and went there together. About two hours later, we arrived. On arriving there, we were given a warm welcome by the farm workers. Then one of the workers showed us around the farm. We were very glad to see the crops and vegetables growing so well. At noon, we had a picnic happily.

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4 month 20 days, citizens reflect Longkai River Oxbow landscape area, people often park cars, a lot of garbage floating on the river.In this regard, Gardens Bureau said, river garbage is mainly the construction of flood control projects emptying River, causing river garbage can not be cleaned in time.Landscape along the garbage is dumped haphazardly nearby residents, some residents also will be a lot of decoration garbage into the lawn, adds to the complexity of environmental protection.And the public traffic in the landscape road, in principle is not allowed.

Yanping District of passenger taxi cabdrivers striving for p

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  &nbsp,hollister;     April 20th morning,hollister deutschland, Yanping District of Passenger Taxi Association Federation of trade unions to start creating “ workers vanguard ” activity,abercrombie, 10 crew from Yanping Taxi Association eight companies participated in this activity.
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      (Huang Xuhui Wu Daosong Huang Xingyuan text / photo)

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in the afternoon, Lin Baojin visited Nanping Brigade Hong Kong Association, was warmly welcomed by the association members.The seventh Brigade Hong Kong Association Council Chairman Wang Dazhi welcoming remarks, he said, one on this day of double happiness, mayor Lin Baojin led a delegation to celebrate and visit us, is extremely cordial, encouraged, thanks to their leaders for a long time Nanping Brigade Hong Kong Association of the concern and support, we will as in the past to care and support the development of home, strengthen economic and trade cooperation, the full support of Wuyi area construction, promote the further development of the economic society of Nanping.
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