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Greece - No New Bailout Payments Without Further Spending Cuts

Greece is waiting for the next tranche of loans from the EU and the IMF. But before the 31 billion euros can be released, the Greek government has to show its austerity measures are working. Further cuts in wages and pensions are planned as well. But new forecasts are giving rise to fears that Greece's economy will shrink more than previously expected this year.

Watch video 04:32

Report by Miltiades Arsenopoulos