Talks continue on Greek austerity cuts

Wed, Aug 29, 2012, 01:00

Greek political leaders have not yet found agreement on a package of austerity cuts for the next two years, a junior partner in prime minister Antonis Samaras's coalition said after the leaders huddled together today to discuss the plan.

Fotis Kouvelis, leader of the Democratic Left party, said he rejected plans for across-the-board cuts to wages and pensions and that low-income earners must be protected. Talks to find agreement were continuing, he said.

Greece's finance minister late yesterday said the government had readied a package of nearly €12 billion worth of cuts required under the country's latest bailout to be presented to the political leaders.


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