Greece to Complete Budget Plan by Early September, Official Says

The package of budget cuts Greece has to make to qualify for international rescue funds and keep it in the euro area will be completed by early September, a Greek finance ministry official said today.

Talks between representatives of Greece’s international creditors, the so-called troika, and the government agreed on a “good proportion” of measures, said the official, who declined to be identified because the talks are ongoing.

Work will continue on the package this week, the official said.