Monday, June 20, 2011

IMF, EU head to Greece, Athens grapples with cuts

Reuters
June 20, 2011

Greece's international lenders will make an unexpected visit to Athens this week after euro zone finance ministers withheld a decision to release new aid amid concerns Athens may backslide on reforms.

"The meeting will take place on Tuesday or Wednesday," a government official, who declined to be named, told Reuters on Monday of the European Union and International Monetary Fund visit. Another Greek official said tax measures would be on the agenda.

Greece's parliament is debating a confidence vote, due on Tuesday night, on Prime Minister George Papandreou's new cabinet, formed to push through painful austerity measures against heavy public resistance.

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