Greece freezes pensions

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GREECE - Greece has frozen all state pensions as part of a package of measures worth €4.8bn (US$6.5bn), erasing the announced increases included in the previous budget.

According to a statement by the Ministry of Finance, the government will also reduce public sector nominal wages and pensions, in a bid to save 0.7% of gross domestic product, which equals to €1.7b...

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