Greek Finance Minister George Papaconstantinou, presents the new austerity measures during a news conference on Friday, June 10, 2011. Painful new austerity measures are essential to put Greece back ... more 
Greek Finance Minister George Papaconstantinou, presents the new austerity measures during a news conference on Friday, June 10, 2011. Painful new austerity measures are essential to put Greece back on track and reduce its massive deficit, the finance minister said Friday, a day after the new plan of spending cuts and tax hikes was submitted for a vote in Parliament.Greece has been slipping on reform targets of its euro110 billion ($160.75 billion) package of rescue loans from the International Monetary Fund and the European Union, and the new measures are designed to put it back on track. (AP Photo/Petros Giannakouris) less 
1 / 1
Associated Press | Photo By Petros Giannakouris
Fri, Jun 10, 2011 7:48 AM EDT