Greece Makes The Deadline

Greece Makes The Deadline

“Greece finally met a deadline that counted on Thursday and made a series of sweeping proposals that its creditors needed by midnight to set off a mad rush toward a weekend deal to stave off a financial collapse of the nation.” This move has raised hopes of Greece can get a rescue deal and avoid a catastrophic exit from the euro. The proposal met demands from creditors to impose wide-ranging sales-tax hikes and cuts in state spending for pensions that the left-leaning Greek government had long resisted.

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