Greece's latest austerity plan is applauded by EU, markets

03/4/2010 | Spiegel Online (Germany) · Google · Reuters

EU officials praised Greece's latest and toughest round of spending cuts and tax increases, while financial markets largely took the measure as a sign that the nation is serious about bringing its budget deficit under control. The plan is worth about $6.5 billion. German Chancellor Angela Merkel called the package "the right step."

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Spiegel Online (Germany) · Google · Reuters

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