Greek cuts to be deeper than trailed

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Series Details 22.8.12
Publication Date 22/08/2012
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The FT and other news sources reported that Greek government officials reported on the 21 August 2012 that planned cuts to Greece’s public expenditure will be even deeper than previously announced, as fears rose that the scale of the proposed reductions may test the ruling coalition’s unity.

The three-party coalition was expected to survive the announcement on cuts in September 2012. But its cohesion would be severely tested if Greece did not win an extension of its bailout programme by two years to 2016.

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ESO: Key source: The Greek Debt Crisis
ESO: Background information: Greece debt report backs cuts plan / Greece seeks two-year austerity extension
ESO: Background information: Merkel and Hollande seek unity on eurozone
BBC News, 22.8.12: Greece needs more time for cuts, says PM Samaras
Kathimerini, 22.8.12: More time does not mean more money, Samaras tells Bild
Kathimerini, 22.8.12: Greece seeks Juncker nod
Spiegel Online International, 21.8.12: Three Thorny Paths to Saving the Euro
EUObserver, 20.8.12: Eurozone leaders to have series of Greece meetings
Spiegel Online International, 20.8.12: Greek Shortfall Growing Ever Larger
France24, 22.8.12: Greek PM asks for more time to complete reforms
EurActiv, 22.08.12: Greek PM attempts to buy time for reform
Spiegel Online International, 22.8.12: Athens Shows Its Commitment to Austerity
Deutsche Welle, 23.8.12: Samaras tours Europe to win support and time,,16187972,00.html
Kathimerini, 23.8.12: Juncker issues friendly warning to Greece
Kathimerini, 23.8.12: Samaras in Berlin hopes to convince Merkel of coalition's intentions
EUObserver, 27.8.12: Greece's future is in the eurozone
EurActiv, 24.8.12: Merkel and Hollande stand united on Greece
Spiegel Online International, 27.8.12: Greece's Fate to Be Decided at October EU Summit
Kathimerini, 11.9.12: Coalition looking for new savings after troika rejects some cuts
EUObserver, 21.9.12: Report: Troika considering second debt restructuring for Greece

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