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The Greek government still has to cut €325 million to get the second bail-out, says Rehn (Photo: ec.europa.eu)

EU commission: Greek vote was 'crucial step' for new bail-out

The EU commission and the German government on Monday (13 February) welcomed Greece's adoption of a further austerity package as a "crucial step forward" for securing a second bail-out, but more spending cuts are needed by Wednesday.

"The vote is a crucial step forward towards the adoption of the second programme," EU economics commissioner Olli Rehn said during a press conference in Brussels.

He said he was "confident" that the remaining conditions - further spending cuts of €32...

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The Greek government still has to cut €325 million to get the second bail-out, says Rehn (Photo: ec.europa.eu)

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