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Greece deepens cuts, says ‘IMF option’ open (AP)

March 3rd, 2010

Greek prime minister George Papandreou addresses to Socialists lawmakers at the Greek Parliament in Athens, on Tuesday, March 2, 2010. Greece is grappling with an acute debt crisis that unfolded after the conservatives lost general elections last October to the Socialists who revealed a massive budget shortfall. The government is set to announce more severe economic austerity measures on Wednesday, following EU demands for deeper spending cuts. (AP Photo / Thanassis Stavrakis)AP - Greece announced painful new austerity measures Wednesday, cutting salaries for government workers and raising taxes at the sales register, winning approval from the European Union as it tries to snuff out a financial crisis that threatens Europe’s economy.


Tags: Greece, open, 'IMF, says, government workers, cuts, deepens, option', austerity

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