Voice of America: Greece, Spain Seek Further Austerity Steps

Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries

Greece, Spain Seek Further Austerity Steps Sep 27th 2012, 10:41 Greek and Spanish leaders are advancing new austerity measures even as their countrymen protest against the budget-cutting in the streets of Athens and Madrid. After weeks of negotiation, Greece's three-party coalition government said Thursday it has reached agreement on a $15-billion plan for more pension and salary cuts and raising the retirement age for workers from 65 to 67. Greece's international lenders had demanded the new austerity package in exchange for releasing another ... Media files: C84D5FAD-EDD0-4E43-8828-1364043AAEC4_cx0_cy2_cw0_w800_r1.jpg?nocache=1 (image/jpeg, 0 MB)

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