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Friday, May 15, 2015

Greece pays public sector wages to avert fresh economic crisis

Mid-May payment of €500m-worth of wages and pensions comes as country’s credit rating plunges further into junk statusGreece avoided another financial crisis by paying about €500m-worth of wages to public sector workers, but suffered another downgrade of its credit rating. “The mid-May payments of wages and pensions ... were made within the scheduled timeframe,” the finance ministry said. They had been due on Friday. Continue reading...


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