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Tuesday, July 17, 2012

New Greek cuts "almost impossible" - Yahoo! Finance

New Greek cuts "almost impossible" - Yahoo! Finance

 The head of a party in Greece's new coalition government on Tuesday said the country's recession made it "almost impossible" for it to achieve the €11.5 billion ($14.1 billion) in cuts over the next two years demanded by its rescue creditors.
Socialist party leader and former Finance Minister Evangelos Venizelos made the comment in a radio interview, a day before he is to meet conservative Prime Minister Antonis Samaras to discuss the cuts.

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