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March 12, 2010

Greeks Hold National Strike Against Austerity Program
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In Greece, a nationwide strike was held Thursday to protest new
austerity measures announced to tackle the Greek debt crisis. Clashes
erupted after more than 10,000 people marched through Athens to denounce
a series of spending cuts and tax increases. Federal regulators are
currently probing major Wall Street firms for their role in Greece’s
financial collapse. Goldman Sachs is said to be the most important of
more than a dozen banks used by the Greek government to manage its
national debt using derivatives.



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