Greece has reached agreement with the IMF and European Union on a rescue package for the debt-laden country, prime minister George Papandreou said.
His government is set to announce harsh spending cuts through 2012 as part of the loan agreement worth some 120 billion euros (£104 billion).
Greeks would be called upon to make "great sacrifices" to avoid catastrophe, Mr Papandreou said in a live televised address. More....
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