Greek leaders agree most cuts, lenders stay on: source
(Reuters) – Political leaders in Greece have agreed on most of the austerity measures demanded by its creditors and are now eyeing pension and wage cuts to find the final 1.5 billion euros of savings still needed, a source close to the talks said on Sunday.
Greece must find savings worth 11.5 billion euros for 2013 and 2014 to satisfy its increasingly impatient lenders, who are currently visiting Athens to evaluate the country’s progress in complying with the terms of its latest bailout.
A finance ministry source said the lenders, who were due to leave Athens at the end of July, would now stay until the savings plan was nailed down.
“We want to help and we will stay as long as it takes and until the plan is finalized,” IMF mission chief Poul Thomsen has told the Greek finance minister, according to a Greek official.
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