Greek government rule out further austerity

Greeks will be spared more austerity measures this year, parties backing the coalition government promised today, although they refused to rule out more painful cuts starting next year.

Wed, 18 Jul, 2012 - 16:39

Greeks will be spared more austerity measures this year, parties backing the coalition government promised today, although they refused to rule out more painful cuts starting next year.

Leaders of three parties met to try to hammer out details of a new round of cuts worth €11.5bn demanded by international rescue creditors over the years 2013 and 2014.