Greece's Debt Crisis Reaches The Tipping Point



Greek Crisis: Cabinet Meets To Discuss Debt Measures -- BBC

Greek Prime Minister George Papandreou has chaired cabinet crisis talks, a day after cancelling a trip to the US amid growing fears over the debt crisis.

The talks focused on new austerity measures to enable Greece to secure the country's next bailout loan.

Greek newspaper To Vima said lenders had set further conditions including the dismissal of another 20,000 state employees before releasing the loan.

After the cabinet meeting, the finance minister vowed to take tough decisions.

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