Greek coalition leaders hold new austerity talks

Greece's governing coalition is meeting in a new effort toagree on the harsh cutbacks the country must impose to keep receiving its vitalrescue loans.

Prime Minister Antonis Samaras was conferring Thursday withthe heads of his two center-left partners, a day after more than 50,000anti-austerity protesters took to the streets of Athens.

Debt-crippled Greece is committed to implement an €11.5billion ($14.8 billion) package of cutbacks for 2013-14, accompanied by taxreform measures worth a further €2 billion ($2.6 billion).

But despite repeated meetings over the past two months, thethree party leaders have failed so far to see eye-to-eye on where to make thecuts. Time is running out, as the final proposals must be presented next weekto representatives of Greece's bailout creditors.

Related Stories

No stories found.

X
The New Indian Express
www.newindianexpress.com