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Greek protesters outside parliament. |
The plans include cutting salaries by 20 to 30 percent and slashing 15,000 civil service jobs. Prime Minister Lucas Papademos has been facing increasing pressure from the European Union to adopt the measures as a pre-condition to get a 130-billion-euro bailout package. Currently, Greece has a public debt of around EUR 350 billion, more than 160 percent of its gross domestic product. Despite the austerity cuts and the bailout funds, which have been aimed at stimulating growth for the troubled Greek economy, the country has been in recession since 2009. Since early 2011, austerity cuts in Greece have been the cause of several anti-government demonstrations. Many of the rallies have turned violent, leaving scores of protesters injured.
Enticing Fury
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