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Tuesday, July 31, 2012

Greece Pushes for Extension as It Works on Cuts

Greece's ruling coalition leaders are struggling to reach consensus over the right austerity mix to be imposed on recession-stricken Greeks and will seek an extension of the country's bailout program, hoping to spread cuts of €11.5 billion ($14.17 billion) over a longer period even as international creditors have signaled that such a demand wouldn't be acceptable.

READ THE ORIGINAL POST AT online.wsj.com