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Greece under pressure to bolster cuts for debt deal

 
Published on Oct 14, 2012
4:13 PM
Greek Premier Antonis Samaras (right), seen in this Oct 9, 2012, file photo with German Chancellor Angela Merkel,  has said that his country cannot take more bitter medicine and warned that if the next aid tranche did not arrive soon, state coffers would be empty by next month. -- PHOTO: AP

ATHENS (AFP) - Greece is under pressure from international creditors to beef up a controversial austerity package in return for loan relief, officials said on Sunday as Prime Minister Antonis Samaras said a deal was in sight.

Mr Samaras told Kathimerini daily that the cuts could be approved by Parliament "in a matter of days" after a European summit on Oct 18 that would discuss Greece's economic situation.

He added that by Oct 18, his government and a mission of EU-IMF auditors "will have fully concluded an agreement on fiscal and structural prior actions" required to release 31.5 billion euros (S$50.5 billion) in loans pending since June.

Greece has been in negotiations with the so-called troika of creditors - the European Union, the International Monetary Fund (IMF) and the European Central Bank (ECB) - for the last three months.

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