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Greek MPs Approve Controversial Pension, Tax Reforms

Greek lawmakers have approved a controversial package of pension and tax reforms demanded by the country's European creditors in exchange for nearly $100 billion in bailout cash. The latest reforms aim to reduce Greece's highest pension payouts while increasing contributions for those in medium and high income brackets. The legislation also seeks to ensure a 3.5 percent budget surplus by 2018, as demanded by Athens' two largest creditors - the European Union and the...

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