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Greece to merge 75 subsidised state bodies
ATHENS : Greece plans to merge or close a number of state entities aiming at savings of 2.7 billion euros a year under
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"As part of the mid-term fiscal programme, the action plan to merge and abolish state entities will concern 75 bodies," he told a news conference, adding that the savings impact would be felt in the 2012 budget.
Pangalos was speaking after he had chaired a ministerial meeting on moves to shrink the public sector as Athens scrambles to cut its wage bill further.
Copyright Reuters, 2011