Greek government plans no new austerity measures

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On Saturday night, Mr. Papandreou gave a speech on the economy, promising to cut the tax rate on companies’ retained profits from 24 percent to 20 percent next year to offer “a strong incentive for investments and competitiveness.”

He also pledged this year to open up restricted professions — including truck drivers, notaries, taxi drivers and pharmacists — deregulate the energy market, settle on privatization targets, facilitate major investments and simplify business licensing procedures.

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