Greece coalition leaders to meet on austerity cuts
Source: Agencies |
July 19, 2012, Thursday
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Print Edition
Print Edition
GREEK coalition leaders agreed to meet next week to hammer out almost 12 billion euros (US$14.707 billion) worth of austerity cuts demanded by the near-bankrupt country's lenders after a deal proved elusive at an initial round of talks yesterday.
Greek officials have spent the past week scrambling to identify 11.7 billion euros worth of spending cuts for 2013 and 2014 required by the country's latest rescue package before European and International Monetary Fund officials visit Athens next week.
But a final decision is expected only after much bargaining among the three party leaders in the new conservative-led government. After a three-hour meeting with Prime Minister Antonis Samaras, his two coalition allies-Socialist party leader Evangelos Venizelos and leftist party chief Fotis Kouvelis-emerged to give the message that the government would not impose any new spending cuts this year beyond those already agreed.
Greek officials have spent the past week scrambling to identify 11.7 billion euros worth of spending cuts for 2013 and 2014 required by the country's latest rescue package before European and International Monetary Fund officials visit Athens next week.
But a final decision is expected only after much bargaining among the three party leaders in the new conservative-led government. After a three-hour meeting with Prime Minister Antonis Samaras, his two coalition allies-Socialist party leader Evangelos Venizelos and leftist party chief Fotis Kouvelis-emerged to give the message that the government would not impose any new spending cuts this year beyond those already agreed.
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