What did the bail-out agreement require?
Cut public spending
Increase taxes
Reduce imports
Expand military
Answer
The bail-out agreement mandated a reduction in public spending. This was a key requirement imposed by the lenders as a condition for providing financial assistance. The aim was to reduce government deficits and debt levels, which had become unsustainable due to excessive spending. By cutting public spending, the government could reduce its borrowing needs and improve its fiscal position.
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