THE GOOD NEWS: Greeks will be spared new austerity measures this year, parties backing the coalition government promised on Wednesday.
THE BAD NEWS: Leaders of three parties are hammering out details of a new round of cuts worth €11.5 billion ($14.1 billion) demanded by international rescue creditors over 2013 and 2014. They are also seeking ways to better deal with this year’s deficit-cutting targets, which are slipping away.
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