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Greece seals deal with EU, IMF on austerity plan: sources
June 23, 2011 / 7:10 PM / 6 years ago

Greece seals deal with EU, IMF on austerity plan: sources

ATHENS (Reuters) - Greece has won the consent of a team of EU-IMF inspectors for its new five-year austerity plan on Thursday after committing to an additional round of tax rises and spending cuts, sources with knowledge of the talks said.

<p>Prime ministers, Italy's Silvio Berlusconi (L), Greece's George Papandreou (C) and Britain's David Cameron chat at the start of an European Union leaders summit in Brussels June 23, 2011. REUTERS/Thierry Roge</p>

“We have a deal,” said one of the sources.

Another source close to the negotiations said that a few remaining technical details would be finalized on Friday.

Finance Minister Evangelos Venizelos announced on Thursday Greece’s Socialist government would lower the minimum threshold for income tax to 8,000 euros a year, increase the tax on heating oil and impose a one-off solidarity levy on income of between 1 and 5 percent.

Reporting by Ingrid Melander; Editing by Daniel Flynn

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