Greeks await fresh economic pain
March 3rd, 2010
| Category: Economy
Government ministers in Greece are due to meet to agree a third round of tax rises and spending cuts intended to ease the country’s financial crisis. A rise in sales tax and petrol and diesel tariffs is expected, as well as a move to scrap the generous holiday bonus paid to civil servants. PM George Papandreou has likened the budget crisis to a “wartime situation”. The EU has called for further austerity measures amid fears that…
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