skip to main content

Greece resumes debt talks with inspectors

Greece's coalition government has resumed austerity negotiations with international debt inspectors.

This comes after the country narrowly avoiding a political crisis that officials said had threatened the country's future in the euro zone.

Inspectors from the European Union, ECB and the IMF held talks today at the Greek Finance Ministry on the €11.5 billion austerity package for 2013-14 that is due to be finalised this month.

Leaders of three parties in the six-week-old coalition yesterday dodged a political crisis by agreeing to not delay any of the proposed cuts.

Finance Minister Yannis Stournaras said the agreement to make the cuts up front was a "necessary condition" for Greece to remain in the euro.

Leaders of three parties in the six-week-old coalition yesterday dodged a political crisis by agreeing to not delay any of the proposed cuts.

Finance Minister Yannis Stournaras said the agreement to make the cuts up front was a "necessary condition" for Greece to remain in the euro.