Greece: Pols agree to new spending cuts to avert default

posted by
February 9, 2012
Los Angeles Times    
Posted in News

"Greece’s political leaders have agreed with foreign creditors on steep austerity cuts, officials in Athens said Thursday, hours after a dangerous deadlock stalled talks on a new rescue package designed to stave off a chaotic default. ... The accord follows days of negotiations over demands by European Union and International Monetary Fund officials for more spending cuts by Greece to bring down its public debt and deficit levels." (02/09/12)

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