Greece agrees to €24bn of cutbacks

Greece has agreed the outline of a €24bn (£21bn) austerity package, including raising the retirement age from an average of 53 to 67, in return for a multibillion-euro loan from its eurozone partners and the International Monetary Fund, according to people familiar with the talks on the 29 April 2010.

The final details of the measures, intended to slash the budget deficit by 10-11 percentage points of gross domestic product over the next three years, were still being worked out.

BBC News, 30.4.10: Athens clash at finance ministry over budget cuts http://news.bbc.co.uk/1/hi/world/europe/8653174.stm

France24, 30.4.10: Police fire tear gas at protesters outside finance ministry http://www.france24.com/en/20100429-greece-police-fire-tear-gas-crowd-protesting-austerity-measures-athens-debt-crisis

Deutsche Welle: Dossier: Greek financial tragedy http://www.dw-world.de/dw/article/0,,5522150,00.html

ESO: Background information: Brussels vows to move swiftly on Greece http://www.europeansources.info/record/brussels-vows-to-move-swiftly-on-greece/

Kathimerini, 30.4.10: Battle for survival continues http://www.ekathimerini.com/4dcgi/_w_articles_politics_100002_30/04/2010_116804

EurActiv, 30.4.10: Greece agrees new austerity measures to woo Germany http://www.euractiv.com/en/euro/greece-agrees-new-austerity-measures-to-woo-germany-news-491977

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