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Greece Cuts Cost

Posted by admin February - 15 - 2010 - Monday

Greece could unveil more cost-cutting proposals if its current efforts do not work fast enough, the head of the 16-nation eurozone has said.

Jean-Claude Juncker said Greece had agreed to outline additional measures in March if necessary.

His comments came following a meeting of eurozone finance ministers.

However, Mr Juncker also said the nations sharing the single currency would not be revealing details of their planned bail-out for Greece.

He said it would be “unwise” to discuss what was being prepared at this stage.

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