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Saturday, September 8, 2012

Premier: Painful cuts will restore credibility

Coast guards hold flares and shout slogans in front of White Tower, city's landmark, during a protest in the northern Greek port city of Thessaloniki, Saturday, Sept. 8, 2012. Greece, in the grip of a severe recession for the fifth straight year, is still struggling to avoid bankruptcy by imposing harsh austerity measures, including wage and pension cuts. Unemployment has soared to nearly a quarter of the workforce. (AP Photo/Giorgos Nissiotis)Greek Prime Minister Antonis Samaras says the final round of austerity measures contains painful and unjust cuts but is necessary to restore Greece's credibility and continue to receive funding from creditors.



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