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Greek PM asks for support to avoid "catastrophic" default

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Greek Prime Minister George Papandreou on Sunday appealed to parliament to support a new cabinet appointed to push through painful economic reforms, saying a debt default would be catastrophic.

 

Papandreou asked parliament to pass a vote of confidence in a reshuffled cabinet he appointed on Friday to push through a five-year package of new tax hikes and spending cuts agreed with international lenders. (Reuters)

 

 

 

 

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