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Over in Greece,. and finance minister Euclid Tsakalotos has said that new concessions the government has agreed to make in return for further bailout loans will not be without cost. The warning came as IMF chief Christine Lagarde also warned that Greece will have to reform before debt relief can be discussed. Our correspondent Helena Smith reports from Athens:

Making his first public intervention since Monday’s eurogroup meeting, Euclid Tsakalotos said it was inevitable that pre-legislation of further pension and income tax measures would bring pain for some and gain for others. “Some may lose out but some will gain,” he told the Greek parliament this afternoon. “Some who we do not assist at present – and we should help them - will gain,” he said. But he nsisted that the reforms would be “fiscally neutral” because they would have no “net” fiscal impact. Low-income taxpayers who looked set to suffer once the reforms were enforced as of January 2019 would get something else in return, he said.

Tsakalotos Photograph: Isopix/REX/Shutterstock