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Greece: Syriza ‘painfully’ yields to EU creditors over pension cuts

GREECE capitulated to eurozone creditors’ demands for more cuts yesterday in return for releasing bailout funds.

The Syriza government — elected in 2015 on an antiausterity manifesto — agreed to a new round of pension cuts in 2019.

And it committed to maintaining a strict budget surplus target along with new tax increases after the current bailout programme — signed in 2015 despite voters rejecting it in a referendum — ends next year.

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