Samaras Seeks Greek Budget Cuts as Troika Arrives for Review
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Greece’s international creditors return to Athens today to assess how far from bailout terms the country has strayed as Prime Minister Antonis Samaras warned of a deepening recession as he fights to stay in the euro.
Samaras will meet with European Commission President Jose Barroso in Athens this week before seeing the “troika” of officials representing the euro area, the European Central Bank and the International Monetary Fund on July 27. That will be a day after Finance Minister Yannis Stournaras outlines budget cuts for 2013 and 2014, an endeavor some German officials say may mark the end of Greece’s stay in the euro area.