Subscribe
Business

News Summary: Greeks spared more austerity in 2012

By The Associated Press
Published
Add Washington Examiner on Google

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.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.