September 22, 2011
Greece on Wednesday decided to cut pensions, tax low-income earners and put thousands of public workers in a special labor reserve this year as the country scrambles to meet fresh austerity demands from its international creditors in exchange for aid.
In a statement following a six-hour-long cabinet meeting, the government affirmed its commitment to meet its budget targets and said it would not abandon Europe's common currency, the euro.
"These decisions send a message to our partners and the markets that Greece will and can fulfill its obligations and remain within the core of the euro and the European Union," the government said in a statement.
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