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PM cites 'tough, necessary' austerity measures

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Μinister George Papandreou left open the prospect of Greece seeking recourse to the International Monetary Fund (IMF) if the country is not financially backed by the EU, speaking after a lengthy Cabinet meeting on Wednesday morning during which additional measures to slash the double-digit budget deficit were approved.

Speaking during the Cabinet meeting, Papandreou told his ministers that the emphasis is now shifting to what the EU will now do.

 
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