September 19, 2011
Greece will announce the closure of several state-linked organizations this week and make further spending cuts in its 2012 budget, the finance minister said Monday, as the government scrambles to meet conditions for a fresh infusion of aid.
"We will publish this week decisions on the restructuring of public bodies," Finance Minister Evangelos Venizelos told a business conference. "In light of the new budget, it is clear that our emphasis will be on the spending side."
Mr. Venizelos spoke ahead of a conference call with inspectors from the country's troika of creditors—the European Commission, the International Monetary Fund and the European Central Bank—to assess Greece's progress in meeting its budget goals. That call is expected to take place at 1600 GMT (1200 ET), after which the Greek government plans to hold another ministerial meeting to decide on fresh measures.
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