Greece unveils further austerity measures

Author (Person)
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Series Details 22.9.11
Publication Date 22/09/2011
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The Greek government unveiled on 21 September 2011 drastic new austerity measures including big cuts to pensions and public sector salaries in a bid to satisfy the demands of its international lenders and secure the next bailout tranche of €8bn.

The measures – which included spending cuts, income tax increases and the acceleration of structural reforms – were likely to prove deeply unpopular and would weigh on an economy already expected to contract by about 5% in 2011.

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