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Europe Daily Bulletin No. 10709

13 October 2012
ECONOMY - FINANCE - BUSINESS / (ae) greece
Greece said to be reaching agreement with lenders

Brussels, 12/10/2012 (Agence Europe) - Government sources in Athens told this newsletter on Friday 12 October that Greece was “close to agreement” with the troika of lenders (the European Commission, the European Central Bank and the International Monetary Fund) on a €13.5 billion package of savings and spending cuts for 2013 and 2014. Some €9 billion of the €13.5 billion of extra savings will be introduced in 2013, higher than the amount initially suggested by the government...

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