Greece, Spain Face New Debt Pressures | Europe | English

Greece and Spain faced new pressure Tuesday from the European debt crisis.

The European Union bluntly told the Athens government it would not receive its next $11 billion installment from last year’s bailout unless its fractious political leaders sign a written statement committing to new austerity measures to cut the country’s debt. Greece needs the money to avoid a default next month, but conservative leader Antonis Samaras says his verbal consent to the unpopular austerity plan should be sufficient and has refused to sign a written pledge.

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