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Shake-up News from Greece

The Greek government announced on Monday that it is changing its team that was negotiating with international creditors. Greek news media interpreted the shake-up as a way of sidelining Financial Minister Varoufakis, TheNewYourTimes reports.

The new ''political negotiation team'' will be coordinated by Eculid Tsakalotos- a Deputy Finance Minister and it will be led by Varoufakis. The director of Bruegel (research organization in Brussels) said on Monday that changing the negotiating team can be helpful, but the ministers of Eurozone need to see improvement in order to convince their domestic national parliaments.

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