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Tuesday, October 23, 2012

Greek junior government party blocks reforms deal

Fotis Kouvelis, whose Democratic Left party is a junior partner in Greece's governing coalition, speaks to the press after a meeting between the heads of the three parties in the four-month-old, conservative-led coalition in Athens, on Tuesday , Oct. 23, 2012. Kouvelis said that labor reforms to be included in the austerity package would encourage layoffs and further fuel unemployment, already at a record 25 percent as the country faces a sixth year of recession.(AP Photo/Petros Giannakouris)A junior partner in Greece's governing coalition has refused to lift its opposition to a new package of austerity measures, which bailout creditors have been demanding for months in exchange for more rescue loans.



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