Greece to clinch cuts deal in a week, says official | Bangkok Post: news

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Greece to clinch cuts deal in a week, says official

Greece hopes to close a deal with international creditors on a multi-billion-euro austerity package in about a week, a senior finance ministry source said on Friday.

International Monetary Fund (IMF) mission chief Poul Thomsen (R) arrives for a meeting at the Finance Ministry in Athens. Greece hopes to close a deal with international creditors on a multi-billion-euro austerity package in about a week, a senior finance ministry source said on Friday.

The official, speaking on condition of anonymity, said talks would continue on identifying 11.5 billion euros ($15 billion) in savings and a further 2.0 billion euros in revenue that are necessary to unlock an EU-IMF loan instalment.

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