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Greece expected to approve austerity package

The Greek parliament will vote on the country's austerity budget later today - and it is expected to get through comfortably despite the angry, and sometimes violent, protests on the streets.

The budget aims to reduce the annual deficit by 5bn-euros ($6.8bn; £4.3bn). It also plans to raise funds by selling off state assets and the mid range of sales tax is also due to rise from 11% to 14%.

But small businesses say they are getting little help to survive - and the measures will actually worsen the outlook for growth.

Malcolm Brabant reports.

  • 22 Dec 2010
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