Greece intends to present a fresh austerity plan on Friday, a government official said, after Moody's cut its credit rating deep into junk territory and said there was an even chance of eventual default. The budget plan will include a faster pace of privatisation and 6.4 billion euros ($9.2 billion) of new savings, including some tax rises, to eat into Greece's debt mountain, the senior official told Reuters. Talks between Athens and inspectors from the European Commission, European Central Bank and International Monetary Fund are expected to wind up on Friday and Prime Minister George Papandreou will present the ... (full story)