Greek Prime Minister Lucas Papademos
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Greek PM Papademos warns of future hardships

Greek Prime Minister Lucas Papademos has used his new year message to warn that 2012 will be "full of hardships".

Europe's most indebted country is expected to see its economy shrink in the coming year as austerity measures continue in an attempt to meet the tough deficit reduction targets it has been set as part of its bailout.

Andrew Wilson reports.

  • 02 Jan 2012
  • From the section Europe
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