2012/02/06

335-Greece in last-minute austerity talks


Greek premier Lucas Papademos held last-minute talks on Sunday with international lenders on wage and pension cuts amid fears that political leaders may reject a second €130bn bail-out and plunge the country into a chaotic default.
Evangelos Venizelos, finance minister, said “It’s not an impasse but there are problems for the Greek side” over terms of a medium-term package being negotiated with the so-called “troika” – representatives of the European Commission, European Central Bank and International Monetary Fund.

http://www.ft.com/intl/cms/s/0/cf397bb8-5003-11e1-8c9a-00144feabdc0.html#axzz1lVKWrlf8




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