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		</div><p>The International Monetary Fund says Greece needs debt relief and €50bn in new financing from October through to 2018.</p>
<p>The IMF said that Greece’s finances have deteriorated because Athens has been slow about enacting economic reforms.</p>
<p>Last year, the IMF predicted Greece’s debt would fall from 175% of economic output in 2013 to 128% in 2020. Now it sees Greece’s debts at 150% in 2020.</p>
<p>The IMF says creditors must offer Greece discounted interest rates and a longer repayment period.</p>
<p>The analysis was made before Greece defaulted on IMF loans on Tuesday and closed its banks on Monday. The outlook is worse now.</p>
<p>Greeks vote Sunday on whether to accept demands that creditors were proposing to resolve a debt stand-off.</p>
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