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Greece's latest austerity program pending

July 30, according to Reuters reports, the Greek government is studying measures to cut pensions and salaries, designed to meet the scale of savings project for the last 1.5 billion euros to 11.5 billion euros in the latest fiscal austerity program. Greece had pledged in 2013 and 2014, further reductions in expenditure of 11.5 billion euros in exchange for donors, aid has. At present the European Commission, European Central Bank and the International Monetary Fund Organization (IMF) "troika" delegation in Greece to assess the country to fulfill aid agreements. Assessment of the work was originally scheduled for the end of July will be postponed to the Greek government to finalize the fiscal austerity program.
 
Reported that the IMF assistance to Greece the task manager for Thomson, said: "We want to provide help, if necessary, we will temporarily leave until the fiscal austerity program to finalize the" Troika "delegation was scheduled to evacuate to Greece at the end of July and assessment report released at the end of August.
 
Last week, the three main political parties in the coalition government of Greece failed to reach an agreement on the austerity program, the three parties this week to continue talks. The report quoted sources involved in the talks as saying: "The current savings ? 1.5 billion expenditure needed measures in order to complete the ? 11.5 billion of fiscal austerity program."
 
Greece in urgent need of a scale of 30 billion euros of aid has, or may not be able to redeem maturing debt of 3.2 billion euros on August 20, face default or forced to withdraw from the risk of the euro area.



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