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Greek MPs Pass New Spending Cuts, Tax Hikes as Reforms Move Forward

Greek lawmakers on Sunday approved fresh spending cuts and tax hikes demanded by European creditors in exchange for a new installment of desperately needed bailout funds. The legislation, which also provides a mechanism to slash spending in case of future budget overruns, comes two days ahead of a key meeting of eurozone finance ministers set to assess Athens' compliance with bailout terms reached last year.   A positive assessment is key to European creditors easing the...

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