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Venizelos Says National Team Will Renegotiate Greek Austerity

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Head of Greece’s Pasok Party Evangelos Venizelos
Head of Greece’s Pasok party Evangelos Venizelos arrives for a meeting at the Greek parliament to discuss the formation of a new government in Athens. Photographer: Chris Ratcliffe/Bloomberg

June 19 (Bloomberg) -- Evangelos Venizelos, the head of Greece’s Pasok party, said he agreed with the leader of the Democratic Left party to speed up the process for forming a coalition government for the country.

Venizelos said there was initial agreement on a policy framework for the new government, as well as on the need to put together a negotiating team, which can include people from outside the government, to renegotiate some of the terms included in an international rescue.

Venizelos spoke in Athens in comments carried live on state-run NET TV.

To contact the editor responsible for this story: Maria Petrakis at mpetrakis@bloomberg.net

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