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EU: Greek Austerity is the 'Only Way' to Avoid Default
by Naharnet Newsdesk 28 June 2011, 13:18

European Union economic affairs chief Olli Rehn pressed the Greek parliament on Tuesday to adopt a tough austerity program, saying it was the "only way to avoid immediate default."

"This week Greece faces a critical juncture. Both the future of the country and financial stability in Europe are at stake," Rehn said in a statement.

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