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Friday, September 28, 2012

Greece OKs austerity plan to receive aid




Political parties supporting the Greek coalition government on Thursday reached a "basic agreement" on a new round of harsh austerity measures demanded by its foreign lenders in exchange for emergency loans, following weeks of negotiations.

For weeks, Venizelos and Kouvelis had been in disagreement with the prime minister over the mass layoff of public sector workers, and proposed cuts to pensions.


READ THE ORIGINAL POST AT www.sfgate.com