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Soldier on guard outside parliament. The Greek government faces growing popular opposition to its austerity (Photo: Nikita Avvakumov)

Greece unveils fresh cuts as euro pessimism spreads

The Greek government has unveiled a fresh round of austerity measures amounting to €2 billion as pressure mounts on the country to deliver on its commitments to reduce its debt-load.

Finance minister Evangelos Venizelos on Sunday described the moves, which will involve a new two-year real estate tax and holding back a month’s pay from all elected officials, as a new “national effort.”

"We know that these measures are unbearable," Venezelos said, according to local reports.

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Soldier on guard outside parliament. The Greek government faces growing popular opposition to its austerity (Photo: Nikita Avvakumov)

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