Greece Announced Stricter Measures to Cut Deficits. Commodties Strengthened on Better Sentiment

Greece announced an additional 4.8B-euro austerity measure to reduce the country's budget deficit. The plan includes raises in tobacco, alcohol and sales taxes which are expected to increase government revenue by 2.4b euro. The government will also reduce salary bonuses to civil servants by -30%.

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Greece Announced Stricter Measures to Cut Deficits. Commodties Strengthened on Better Sentiment