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Greece moves on deficit

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Greece moves on deficit

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Greece has unveiled part of its three-year plan to slash its budget deficit.

It is under pressure from other EU members to reduce its huge debt and some economists have questioned its euro zone membership.

Prime Minister George Papandreou said on Wednesday Greece will not quit the euro zone or seek help from the IMF.

Ministers were told the aim is to cut the budget gap to 2.8 percent of GDP in 2012. Currently it is 12.7 percent.