New greece austerity

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EU creditors wanted deeper cuts to pensions, but Greeks balked until today.

Greece passes controversial new tax hikes

The increases include a new top tax rate of 42 percent, and aim to bolster Athens' repayments to international creditors.

Protesters shout slogans during a 24-hour general strike in Athens on February 7, 2012. A general strike gripped Greece in protest against new austerity measures demanded with increasing urgency by the European Union as part of a debt rescue deal with banks.

Aris Messinis

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