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Greek coalition close to agreement on new cuts
27-09-2012 14:15
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Leaders from the Greek coalition government have agreed on most of the austerity sought by international leaders, The Wall Street Journal reports, citing a government spokesperson.
A small funding gap remains in the austerity package but an agreement is expected to be reached, says the source.
The 'Troika' (European Central Bank, European Union, and International Monetary Fund) requires Greece to come up with €11.5bn in austerity measures in order to receive the second tranche of the bailout.
Greek finance minister Yannis Stournaras has told BBC correspondent Mark Lower that the new austerity package will probably be presented to the 'Troika' on Monday.
SB
A small funding gap remains in the austerity package but an agreement is expected to be reached, says the source.
The 'Troika' (European Central Bank, European Union, and International Monetary Fund) requires Greece to come up with €11.5bn in austerity measures in order to receive the second tranche of the bailout.
Greek finance minister Yannis Stournaras has told BBC correspondent Mark Lower that the new austerity package will probably be presented to the 'Troika' on Monday.
SB
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