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Mar 11, 2013 06:56
Category: General News

Greek Economic Shrinkage Slows

ATHENS, Greece (AP) — Updated official data show Greece's economy still shrank in the final quarter of 2012, but not as fast as initially forecast. The contraction still totaled 6.4 percent. The country, which is dependent on bailout loans to survive, is in its sixth year of recession, which has been exacerbated by harsh austerity measures demanded by creditors to curb runaway budget deficits.