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Greece sinks in deeper crisis amid rescue deal doubts

Greece could be forced to leave the eurozone if it fails to abide by EU and IMF loan commitments, a government economic advisor warned Wednesday as Athens raised prospects of renegotiating a bailout deal. “If we say no to everything, we leave the eurozone,” said Gikas Hardouvelis, economic advisor to outgoing Prime Minister Lucas…

Greek cabinet approves austerity deal amid resignations, general strike

Greece’s cabinet Saturday approved tough austerity measures demanded by EU and IMF creditors after the prime minister warned that a failed debt deal and default would spark “uncontrolled chaos”. The coalition government, hit by defections on Friday, approved the belt-tightening measures on a day that saw renewed street clashes between…

Top Greek union calls austerity strike

Greece’s main union on Thursday called for a strike in Athens next week as the government upped pressure on labour unions to accept wage cuts to avert bankruptcy. The GSEE union said Tuesday’s strike would send a “strong message” to the government, employers and Greece’s institutional creditors “who are planning…