STOCK MARKET BSE NSE

Greek coalition leaders hold new austerity talks

Published: 27th September 2012 01:22 PM  |   Last Updated: 16th October 2012 11:58 AM   |  A+A-

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

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

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

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



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp