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Greece evangelos venizelo 2012 03 09

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Athens secures enough lender backing to avoid March 20 default.
Greece evangelos venizelo 2012 03 09

Greek Finance Minister Evangelos Venizelos (L) hailed Friday's agreement as an “exceptional success.” The deal is designed to cut Greece’s national debt by $142 billion, bringing it down from 160 percent of GDP to a little over 120 percent of GDP by 2020.

LOUISA GOULIAMAKI