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12-03-2012 |
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Belgium is to extend austerity
measures by 1.82 billion euros
(US$2.39 billion) because of a
possible contraction of its
economy this year, to keep its
2012 budget deficit within EU
limits. After a full week of
talks, ministers from the
six-party coalition agreed a
series of measures on Sunday
as well as the freezing of a
further 650 million euros of
spending, in case further
economic weakness meant more
savings were required.
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