BEIJING (MNI) – A multi-billion euro bailout for Greece should be
completed “within days,” European Commission President Jose Manuel
Barroso said Friday.
He also told reporters at a briefing here that he has “no doubt”
that Greece’s needs will be met.
He was speaking following reports that the Greek government has
agreed to the outline of a E24 billion budget consolidation package,
which would include cuts in civil service pay and benefits as well as a
value-added tax increase to reduce its burgeoning budget deficit.
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