Greek prime minister to cut government deficits

Greek Prime Minister George Papandreou vowed Wednesday to cut the deficit of the Greek government by any necessary means which sits at four times the allowed rate in the European Union.

His announcement was made amid nationwide protests and public sector strike, BBC News reports.

BBC News says that flights are grounded, schools are closed, and many hospitals have only their emergency rooms open.

The prime minister is proposing a stability program that BBC News says includes a freeze on public sector wages, raising taxes, and changing the pension system to help cover an already $419 billion deficit that is expected to continue to grow.

The Belfast Telegraph said that the prime minister fully expects the entire program to be implemented.

Many are unhappy with the plans and Greece's largest labor organization is planning another strike on February 24, the Belfast Telegraph said.

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