Greece sees deal coming this week on austerity and debt

10/14/2012 | Reuters · Reuters

Greek Prime Minister Antonis Samaras expects that another austerity and debt-reduction package will be assembled and agreed upon with the EU and the International Monetary Fund this week. Meanwhile, euro-zone officials are trying to come up with ways for Greece to meet longer-term debt-cutting goals, with the original target out of reach because of recession and delayed reforms. German Finance Minister Wolfgang Schaeuble said Athens will not default on its debt, but he warned the troubled nation against exiting the euro zone.

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Reuters · Reuters

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