TNBiz (TNBiz)
Markets  |  July 29, 2012 11:13:46

Greek leaders said to agree on austerity measures


ATHENS (MEDIAFAX) - Political leaders in Greece have agreed on most of austerity measures required by the creditor country and now focusing on pensions and cuts in wages, which should save 1.5 billion euros (about CZK 38 billion). Reuters on Sunday, said a source close to negotiations.

Total Greece must find savings for 11.5 billion euros in 2013 and 2014 to meet the increasingly impatient creditors, who are now on a visit to Athens, to review progress on the site of the country in meeting the agreed terms yet of last resort.

Government of Prime Minister Antonis Samaras last week managed to draw up a list of measures needed to save, but the three parties forming the government with his conservative unable to agree on them. Further negotiations are to follow on Monday.

"There is no mismatch of political leaders in all areas, only discuss alternative proposals relating to the protection of persons with low incomes or pensions in the public sector," said a source who attend the meetings. "We need to save 1.5 billion euros in order to complete the 11.5 billion dollar economic package," the source said.

Filip Sušanka, susanka@mediafax.cz

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