Greece’s wobbly coalition said yesterday that they had agreed on the “basic direction” for further cutbacks equivalent to $14 bln, but offered no breakdown of the savings.
There said would be no further cuts in the current fiscal year and again called for an extension to the country’s current economic adjustment program, due to a deepening recession.
Ex Fin Min Venizelos however said that state’s operating costs would be cut in an effort to avoid further reductions to the “special salaries” of specific groups of civil servants like judges and military employees, whose wages already have been reduced 40 percent. He added that “All the agreed measures will be implemented, but no new ones,”
More… NY Times
