Greek cuts to be deeper than trailed

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.

ESO: Key source: The Greek Debt Crisis http://www.europeansources.info/record/the-greek-debt-crisis-key-sources/

ESO: Background information: Greece debt report backs cuts plan / Greece seeks two-year austerity extension http://www.europeansources.info/record/greece-debt-report-backs-cuts-plan-greece-seeks-two-year-austerity-extension/

ESO: Background information: Merkel and Hollande seek unity on eurozone http://www.europeansources.info/record/merkel-and-hollande-seek-unity-on-eurozone/

BBC News, 22.8.12: Greece needs more time for cuts, says PM Samaras http://www.bbc.co.uk/news/business-19329402

Kathimerini, 22.8.12: More time does not mean more money, Samaras tells Bild http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_22/08/2012_457721

Kathimerini, 22.8.12: Greece seeks Juncker nod http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_17_21/08/2012_457698

Spiegel Online International, 21.8.12: Three Thorny Paths to Saving the Euro http://www.spiegel.de/international/europe/the-greek-dilemma-three-thorny-paths-to-saving-the-euro-a-851268.html

EUObserver, 20.8.12: Eurozone leaders to have series of Greece meetings http://euobserver.com/economic/117271

Spiegel Online International, 20.8.12: Greek Shortfall Growing Ever Larger http://www.spiegel.de/international/europe/greece-austerity-plan-short-by-2-5-billion-euros-as-crisis-intensifies-a-850963.html

France24, 22.8.12: Greek PM asks for more time to complete reforms http://www.france24.com/en/20120822-greece-more-time-austerity-measure-reform-antonis-samaras-hollande-merkel-eurozone

EurActiv, 22.08.12: Greek PM attempts to buy time for reform http://www.euractiv.com/euro-finance/samaras-attempt-buy-time-reform-news-514381

Spiegel Online International, 22.8.12: Athens Shows Its Commitment to Austerity http://www.spiegel.de/international/europe/athens-shows-its-commitment-to-austerity-a-851547.html

Deutsche Welle, 23.8.12: Samaras tours Europe to win support and time http://www.dw.de/dw/article/0,,16187972,00.html

Kathimerini, 23.8.12: Juncker issues friendly warning to Greece http://ekathimerini.com/4dcgi/_w_articles_wsite1_12296_23/08/2012_457858

Kathimerini, 23.8.12: Samaras in Berlin hopes to convince Merkel of coalition's intentions http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_23/08/2012_458042

EUObserver, 27.8.12: Greece's future is in the eurozone http://euobserver.com/opinion/117332

EurActiv, 24.8.12: Merkel and Hollande stand united on Greece http://www.euractiv.com/euro-finance/merkel-holland-stand-united-gree-news-514435

Spiegel Online International, 27.8.12: Greece's Fate to Be Decided at October EU Summit http://www.spiegel.de/international/europe/fate-of-greece-will-be-decided-at-eu-summit-in-october-a-852213.html

Kathimerini, 11.9.12: Coalition looking for new savings after troika rejects some cuts http://ekathimerini.com/4dcgi/_w_articles_wsite1_4441_10/09/2012_460611

EUObserver, 21.9.12: Report: Troika considering second debt restructuring for Greece http://euobserver.com/economic/117620

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