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Greece resists IMF demands for more pension cuts

"The average estimate when we were discussing was for GDP growth of -2 per cent and now we know it will be between -0.4 and -0.7 per cent," says Mr Tsakalotos.


GREECE cannot accept demands by the International Monetary Fund (IMF), one of its international creditors, to cut pensions further to achieve a primary surplus target in two years, its finance minister said on Thursday.

Greece has proposed an overhaul of its pension system

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