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Greek Prime Minister Lucas Papademos was holding talks Wednesday with labor unions and trade federations ahead of a crucial visit by international debt inspectors. The meetings come a day after government spokesman Pantelis Kapsis warned that Greece could have to leave the eurozone if it fails to finalize the details of its second euro130 billion ($169 billion) bailout. He also said even more austerity measures may be needed. Earlier, Asian stocks ended the day with gains, following a strong session on Wall Street. Japan's Nikkei 225 showed renewed life as it posted a 1.2 percent gain to 8,560.11. The battered benchmark lost nearly 20 percent of its value in 2011
-- a year marred by a tsunami and nuclear plant disaster, made all the more difficult by record-high levels for the yen. Hong Kong's Hang Seng Index and South Korea's Kospi slipped after strong gains a day earlier. The Hang Seng fell 0.8 percent to 18,727.31, while the Kospi was down 0.5 percent at 1,866.22. Oil prices gave up some of Tuesday's gains when they surged through the $100-a-barrel mark as equities advanced and tensions over the Persian Gulf between the U.S. and Iran escalated. Benchmark crude for February delivery fell 27 cents to $102.69 per barrel in electronic trading on the New York Mercantile Exchange.
[Associated
Press;
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