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They say in a report that while the July 21 deal reduced Greece's immediate financing needs, "this could not suffice for the debt dynamics to be described as sustainable" if implementation of reforms by Greece remains weak.
The conclusion was made in a review of Greece's first bailout program by the European Commission and the European Central Bank, a copy of which was obtained by the Associated Press.
The report adds tension to discussions among EU leaders in which Germany is pushing for Greece's private creditors to take bigger losses on Greek than the 21 percent agreed in July.
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