Greece’s Additional Budget Cuts Backed by EU-IMF

Measures proposed by the Greek government to complete a 78 billion-euro ($111 billion) austerity package required to win a bailout were endorsed by officials from the European Union and the International Monetary Fund, said a person familiar with the matter.

http://www.bloomberg.com/news/2011-06-23/greece-sets-solidarity-levy-on-wages.html