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Update news debt crisis
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The International Monetary Fund (IMF) is very wary of any financial contribution to a third Greek bailout.
The Greek parliament is to vote later on a second set of reforms needed to secure its bailout deal.
Greek banks are set to reopen after three weeks of closures sparked by the deadlock over the country's debt.
The International Monetary Fund (IMF) has fiercely criticised the bailout deal offered to Greece by the eurozone.
Eurozone leaders have talked through the night in Brussels in a bid to agree terms for a new bailout for Greece.
The eurozone has given Greece until Thursday to present new proposals to secure a deal with creditors, and has called a full EU summit for Sunday.
Asian markets traded higher on Tuesday, recovering losses made a day earlier on fears that Greece would exit the eurozone, after voting no to bailout conditions from creditors.
Prime Minister Alexis Tsipras has said Greeks made a "brave choice" in voting to reject the terms of an international bailout in Sunday's referendum.
Greece has missed the deadline for a €1.6bn (£1.1bn) payment to the International Monetary Fund (IMF), hours after eurozone ministers refused to extend its bailout.
Stock markets in Europe and Asia have seen big falls after Greece closed its banks and imposed capital controls.
The Greek government has confirmed that banks will be closed all week, after a decision by the European Central Bank not to extend emergency funding.
The German parliament is set to vote on a plan to extend financial aid to Greece by another four months.
Greek and eurozone officials have failed to reach an agreement over Greece's debt crisis, though both sides said there was still hope for a deal.
Greece will hold a new international tender for the sale of gas firm DEPA a government official announced on Monday, as the privatization program under way in the context of efforts to raise revenues to tackle the debt crisis, hit a snag.
Struggling France will likely be the focus Wednesday when the European Commission sets down the economic and fiscal lines it expects EU member states to follow in the search for desperately needed growth and jobs.
Top leaders of the European Union held broad talks on growth without making concrete decisions on the first day of the two-day spring summit in Brussels, against the backdrop of easing market pressure
European Union (EU) leaders are scheduled to meet in Brussels Thursday and Friday to iron out measures to promote growth and create jobs in Europe which is still mired in the debt crisis.
Greek indignant returned to protest austerity outside the parliament building for first time after several months on Sunday evening with a symbolic rally which ended in minor scuffles with police forces.
The global economy is poised for a gradual upturn in 2013 as the constraints on growth gradually ease, but policy complacency should be guarded against as risks remain,