Greek Prime Minister George Papandreou
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Greek PM says confidence is growing

Despite protests against the government's austerity measures, Greek Prime Minister George Papandreou says that confidence is growing in Greece's capability to deal with its debt.

Greece is imposing tough economic measures including pay cuts and tax rises in return for a massive EU-IMF bailout to stave off bankruptcy, after debts close to 300bn euros were revealed.

On Saturday Greek unions staged mass protests in the city of Thessaloniki against Mr Papandreou's cuts, which have already had a significant impact on public spending.

  • 12 Sep 2010
  • From the section Europe
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