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Greek leader says agreement reached on aid deal (AP)

May 2nd, 2010 | Author: admin

Greek Prime Minister George Papandreou arrives at the cabinet meeting in the Greek Parliament in Athens, Sunday, May 2, 2010. Papandreou said Sunday that Greece has reached agreement with the IMF and European Union on a rescue package for the debt-laden country. His government later in the day is set to announce harsh spending cuts through 2012, as part of the loan agreement worth some 120 billion euros ($159 billion). (AP Photo/Thanassis Stavrakis)AP – Greece has reached agreement with the EU and IMF on an aid package to stave off bankruptcy, and has no choice but to implement new harsh austerity measures, including cuts to civil servants’ salaries and pensions, Prime Minister George Papandreou said.


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