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Image header Agence Europe
Europe Daily Bulletin No. 10669
ECONOMY - FINANCE / (ae) greece

Agreement on €11.5 billion in spending cuts

Brussels, 02/08/2012 (Agence Europe) - The leaders of the two parties in the Greek coalition government - Prime Minister Antonis Samaras of New Democracy and Evangelos Venizélos of PASOK - along with the head of Democratic Left, Fotis Kouvelis, whose party backs the government but is not officially part of the coalition - reached agreement in the evening of Wednesday 1 August 2012 on some €11 billion of spending cuts in 2013 and 2014, as part of the second Greek bailout programme. Greek...