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A plan to reduce Greeces debt level to 124% of its gross domestic product by 2020 and below 110% by 2022. The IMF had originally insisted on a debt to GDP ratio of 120% by 2020. Cut of 100 basis points on the interest rate charged to Greece by other Eurozone member states excluding those that are also receiving bailouts. 15 year extension of the maturities of loans from other countries and the Eurozones bailout found, the European Financial Stability Facility, and a deferral of interest payments by Greece on EFSF loans by 10 years.
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