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Greece reaches deal on austerity measures

Tough measures are needed to win a new bailout

By Niki Kitsantonis and Rachel Donadio

 |  New York Times  

  February 10, 2012

After days of dramatic talks, Greek political leaders reached a deal Thursday to support a package of harsh austerity measures demanded by Greece’s financial backers in return for the country’s latest bailout. The deal is expected to unlock the $172 billion in new loans and save Greece from potentially disastrous default.

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