ALJAZEERA: Greece’s coalition government reached a “basic agreement” on a new round of austerity cuts demanded by its
international lenders.
The measures, secured on Thursday by the country’s three coalition parties after weeks of fruitless efforts, had to be agreed upon or Greece would have been cut off from vital bailout loans that it needs to pay its way and keep it in the 17 country group that uses the euro.
Finance Minister Yiannis Stournaras said the long-delayed agreement placed him in a stronger negotiating position ahead of talks Monday with representatives of the country’s bailout creditors, who will have the final word on the cutbacks… (more)
