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Wed 03 Mar 2010Greeks yield to EU call for more cutbacks
THE GREEK government is yielding under EU pressure for fresh austerity measures with the imminent introduction of new cutbacks and taxation increases worth some €4.8 billion.
As Greek prime minister George Papandreou prepares for a key meeting on Friday with German chancellor Angela Merkel, moves to take additional corrective action have come swiftly after a visit to Athens by EU economics commissioner Olli Rehn.
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