Greece

Greece Reneges on Troika Demand

Only hours after receiving a two-year extension on deficit reduction goal

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A planned 25 percent increase in the price of public transport tickets next March is to be postponed until October, the general secretary of the Development Ministry, Nikos Stathopoulos, said on Tuesday.

"We managed to postpone the increase until October, from March, and we hope to eventually be able to avert the measure," Stathopoulos said, attributing the change of plan to a crackdown on fare dodging on public transport.

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