Greece faces scrutiny in its attempt to avoid bankruptcy

Greece faced a new test in its attempt to avoid bankruptcy on Wednesday as international auditors headed for Athens, while Germany suggested a new bailout may be renegotiated as argument rages over whether private creditors should take bigger losses.

The “troika” audit team from the European Union, European Central Bank and IMF is expected to start arriving on Wednesday and begin talks the day after on the Greek government’s plan to deepen budget cuts and raise new taxes.

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