Greek leaders agree on bulk of cuts
The leaders of Greece's power-sharing government on Thursday agreed
on most of the cost-cutting measures for the next two years, in line
with demands set by the troika of foreign lenders, the chief of a junior
coalition member said.
“We reached an agreement on the main
points. There are still some outstanding issues. We are going to seek
for a four-year extension [of the Greek fiscal adjustment program], said
Democratic Left leader Fotis Kouvelis after the meeting.
Prime Minister Antonis Samaras of conservative New Democracy party was also meeting with PASOK leader Evangelos Venizelos.
Finance
Minister Yannis Stournaras, who was present at the meeting of the three
leaders, described the agreement as a “basis for strong negotiation”
with the country's creditors.
Stournaras said the proposed
measures will first have to be approved by the troika envoys, expected
in Athens during the weekend, before they are voted upon in Parliament.
The cuts are essential if Greece is to continue receiving funds from international emergency loans.
The
meeting came a day after tens of thousands of demonstrators took to the
streets of the capital in protest at the anticipated cuts.
It was not clear whether a new leaders' meeting will take place. | 
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