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first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times KCS-content Wednesday 22 December 2010 7:41 pm Share Show Comments ▼ Tags: NULLcenter_img GREEK lawmakers last night approved a 2011 austerity budget that imposes yet more cuts on the nation, hours after thousands took to the streets shouting “We can’t take it anymore.”The bill targets a budget deficit of 7.4 per cent of GDP next year, down from about 9.4 per cent this year, through more spending cuts and tax increases. This would put Greece in line with the terms of the bailout that saved it from bankruptcy in May.“We will do whatever it takes to succeed,” Prime Minister George Papandreou told lawmakers just before the vote. “We will change this country.”Public transport ground to a halt in the capital yesterday as about 3,000 protesters rallied peacefully in front of parliament against wage cuts in the public sector and other steps aimed to stem the crisis that has shaken the Eurozone.The new spending cuts and tax rises in next year’s budget build up on an estimated six percentage points reduction of deficit in 2010.But Greece is still set to miss its 2010 fiscal targets and the measures have failed to calm fears about its ability to pull itself out of crisis. Five Greek banks were told yesterday by Fitch Ratings that their credit rating could be downgraded to junk status, a day after sovereign ratings were put under the same watch. The move would bring Fitch’s ratings in line with Moody’s and Standard & Poor’s, which already have sub-investment grade ratings on the country, and both are on review for further downgrades. Greek 10-year bonds fell 0.198 in price to bid 67.367, yielding 12.217 per cent. The spread of Greek bonds over German bunds widened slightly to 9.26 per cent. Greece approves new austerity package amid downgrade threats Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof whatsapp whatsapplast_img

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