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Greece reports meeting 6.6-percent deficit-cutting target for last yearAP ATHENS -- The Greek government said Monday its painful austerity drive is paying off, with the budget deficit reduced to the target of 6.6 percent of annual output in 2012 from 9.4 percent a year earlier.
February 6, 2013, 11:50 am TWN A finance ministry statement said that, not counting the cost of servicing Greece's debt mountain, the government posted a modest budget surplus of 434 million euros (US$588 million) last year.
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