Greece’s Samaras, Papandreou Said to Commit to Austerity Plan for Bailout

The leaders of Greece’s two biggest political parties, New Democracy’s Antonis Samaras and Pasok’s George Papandreou, will send written commitments tomorrow to the so-called troika to stand by austerity measures, a government official said today.

The assurance to the troika -- the International Monetary Fund, European Commission and European Central Bank -- was a condition of an international bailout. European officials were concerned that without the written pledges, the leaders would retreat from budgets cuts after elections likely in April or May,

To contact the reporter on this story: Maria Petrakis in Athens at mpetrakis@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.