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NO NEED?FOR?HAIRCUTS

GREECE will “absolutely” be able to get through its fiscal crisis without having to restructure its debts, finance minister George Papaconstantinou said yesterday. The minister told a German newspaper Athens still had a “credibility problem”, but insisted the country could survive without asking creditors to take a haircut to their positions. Greece is trying to cut its budget gap to 8.1 per cent of GDP this year.