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Tuesday, October 30, 2012

Greece delays austerity vote, warns of 'chaos' - Yahoo! Finance

Greece delays austerity vote, warns of 'chaos' - Yahoo! Finance

Greece's coalition government will delay a vote on major new austerity measures by another week, warning Tuesday there would be financial "chaos" if a deal is not reached.
Finance Minister Yannis Stournaras told reporters that the austerity measures, worth €13.5 billion ($17.4 billion), would be submitted to parliament next week, as the three parties in government continue to disagree over new savings demanded by international bailout lenders.
Stournaras denied local media reports that the bill could be broken up to ease objections by a left-wing junior coalition partner.

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