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Greece: Rush to finalize package of measures
Representatives of the three parties in the coalition government are to continue talks over the weekend in a bid to overcome differences on 11.5 billion euros’ worth of painful new austerity measures that Greece must approve to clinch crucial rescue loans. The package -- which is harsher than anticipated, foreseeing 4.5 billion euros in cuts to pensions -- was discussed by the Cabinet on Friday and is to be approved by party leaders on Monday. The blueprint must then be endorsed by officials of Greece’s so-called troika of lenders -- the European Commission, European Central Bank and International Monetary Fund ... (full story)
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