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IMF's Lagarde says still much work to do in Greek debt talks

The head of the International Monetary Fund (IMF) said in a German television interview on Thursday that there was still a lot of work to do before Greece and its international lenders could clinch a cash-for-reforms deal.

"We are all in the process of working towards a solution for Greece and I would not say that we already have reached substantial results," IMF Managing Director Christine Lagarde told ARD television in comments which were translated from English to German.

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