News In Brief

Ticker

Greek leaders unclear on spending cut targets

30.08.12 @ 09:11

  1. By EUOBSERVER

Greek leaders on Wednesday gave conflicting accounts on whether or not measures on spending cut targets have been finalised, reports The Wall Street Journal. Greece is required to shave off €13.5bn from its 2013 and 2014 budget. The cuts will hit pensions, wage reductions, and layoffs in the public sector.