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There has been angry protests in Athens against the Greek government’s announcement of further fiscal restraint measures to deal with the country’s massive debts. Pensioners fought with riot police and civil servants protested outside the Finance Ministry. (25) The new measures are designed to save 6. 5 billion dollars. The head of the European Commission Jose Manuel Barroso welcomed the move.
    The additional measures announced today appropriately include expenditure cuts and in particular savings in the public wage bill which are essential for achieving permanent fiscal recognition, effects and restore competitiveness. (26)This is in the interest of the Greek people who will benefit from sounder public finances, better growth prospects and job opportunities. It is as well important for the overall financial stability of the euro area.