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Sunday, September 09, 2012

Samaras’s Coalition Partners Balk at Cuts as Troika Disagrees - Bloomberg

The leftist parties haven't agreed to the cuts yet, while the troika officials say the plan is 2 billion euros short.
Samaras’s Coalition Partners Balk at Cuts as Troika Disagrees - Bloomberg
Democratic Left leader Fotis Kouvelis, whose party is one of the three in Samaras’s coalition government, said no decision had been taken on the package and that poorer Greeks must be protected from more austerity. The three leaders agreed to meet again on Sept. 12, two days before euro area finance ministers meet to be briefed on Greek progress.
“The recession is deep and if these measures aren’t accompanied by growth measures, they will be ineffective,” Kouvelis said after the meeting with Samaras and Pasok leader Evangelos Venizelos in Athens yesterday. “Our European partners need to know that Greeks can’t take anymore. Nothing can be taken for granted.”
Maybe the best word is bloodbath.

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