Greek minister: focus on spending cuts in 2012


Greek Finance Minister Evangelos Venizelos announces to the media the new property tax decided by the government in Thessaloniki, Greece on Sunday Sept. 11, 2011. Greece’s cash-strapped government said Sunday it would impose a new property tax, on top of existing austerity measures, to contain this year’s revenue shortfall and achieve a primary surplus in 2012. (AP Photo/Nikolas Giakoumidis)

ATHENS, Greece (AP) — Under intense pressure from lenders to honor its deficit-cutting targets and with a forthcoming installment of its bailout package still up in the air, Greece has decided to adhere to another tax measure it sprang on a weary public last week.

Greece also chose to put off a harder task,

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