Thursday, June 2, 2011

Greece, EU/IMF agree 6.4 billion euro measures - govt source

Greece and a team of EU/IMF/ECB inspectors aims to conclude talks on a medium-term fiscal plan by Friday when Prime Minister George Papandreou is set to discuss its main points with Eurogroup chairman Jean-Claude Juncker, a senior government official told Reuters.

Athens had agreed to 6.4 billion euros (5.6 billion pounds) in new budget steps for 2011, including tax hikes and lower income tax exemptions, he said on Thursday.
"The prime minister will present the main points of the mid-term plan to Juncker, which include speedier privatisations and new measures to cut government spending and raise revenues," the official, who did not want to be named, said.


reuters