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International Monetary Fund boss Christine Lagarde has excluded any possibility of further delay of debt payment from Greece by the end of the month. This was declared during the discussion in Luxemburg, where eurozone Finance Ministers have gathered, The Guardian reports.

Lagarde also added that the leftist Syriza administration would need to concede over making further reforms to its pension system to get a deal.  However, Greece does not agree with cuts in pensions, claiming that there is a reform plan that reduces costs dramatically over the next 10 years.

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