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Greece vows to make additional spending cuts ahead of key EU talks
Feb 14, 2012, 10:54 GMT
Athens - Greece is willing to cut an additional 325 million euros (428 million dollars) in public service spending, a condition it needs to meet to secure an international bailout, a government spokesman told dpa on Tuesday.
The pledge comes on top of 3 billion euros in savings it has already agreed to make in order to qualify for a 130-billion-euro bailout from the European Union, the European Central Bank and the International Monetary Fund.
Government spokesman Pantelis Kapsis said Greece had until Wednesday, when eurozone finance ministers are due to meet in Brussels, to provide its international partners with written guarantees that it will honour the terms of the bailout.
The debt-stricken government needs a second EU/IMF bailout to avert bankruptcy.
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