Greece fights to win aid with pledges to counter EU doubts
China Daily | Updated: 2012-02-16 07:57
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The flags of the European Union and Greece hang outside the headquarters of the Greek central bank in Athens. The country needs to secure an aid package worth 130 billion euros ($171 billion) along with about 100 billion euros from private bondholders to stave off default. Angelos Tzortzinis / Bloomberg |
BRUSSELS - European officials ratcheted up the pressure on the Greek government to deliver spending cuts in exchange for a second bailout as they insisted that default is not an option.
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