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Thursday, March 11, 2010

Greece's 4.8 bln euros extra austerity measures

Greece's new austerity package has opened a rift between private and public sector workers, who agree on the measures to wrench their country out of its debt crisis but clash over who should pay the price.


Pressured by the EU and markets, Greece announced last week a package of 4.8 billion euros ($6.53 billion) in new austerity measures to reach its aim to cut the budget deficit to 8.7 percent of GDP this year.

reuters.com

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