Greece passes 3.2 billion Euros of spending cuts

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Source: BBC
Greek parliament has agreed on the 3.2 billion Euros spending cut as the step towards getting the next bailout package. The parliament passed reductions in minimum wage and pensions. However, the parliament still has to ratify further spending cuts later on Wednesday. Lucas Papademos, the country's PM, is going to visit Brussels to get approval for the bailout. The protests against budget cuts continue in the largest Greece's cities.

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