Grexit 'would be catastrophic for Greece'

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THE INTERVIEW : Greek PM Alexis Tsipras has told the European Parliament that his government will present "specific" proposals to its creditors this Thursday, in a last-ditch effort to relaunch negotiations as the risk of a so-called "Grexit" grows. Greece has also asked for a new loan from its European partners. A so-called "last chance" EU summit is scheduled for this coming Sunday.

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