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Tsipras seeks French help to get money from stalled bailout

Bloomberg Greek PM Alexis Tsipras will seek help from French President Francois Hollande after talks between his government and its creditors failed — again — to produce the approval needed to release funds from his country’s third bailout. Tsipras will meet his French counterpart in the Elysee Palace with Greek officials still struggling to convince inspectors from the European Commission, ...

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VW says top executives ready to accept ‘sharp cuts’ in bonuses

  Frankfurt / AFP Volkswagen announced on Wednesday that its top executives were willing to accept “sharp reductions” in their annual bonuses as the embattled carmaker struggles to stem the fallout from its massive engine-rigging scandal. “The supervisory and executive boards are in agreement that given the current situation, a signal should be sent regarding the issue of management board pay,” ...

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France sticks to growth, public deficit forecasts

  Paris / AFP France said on Wednesday it was on track for modest growth this year at the same rate as earlier projections and also left its public deficit forecast untouched. Gross domestic product (GDP) growth in the eurozone’s second biggest economy is expected to be 1.5 percent in 2016 and the same next year, the finance ministry said. That’s ...

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