Greek lawmakers say they have reached an accord on austerity measures demanded by international lenders so the country can secure another bailout, but European finance ministers say the job and spending cuts are not enough.Following a last night meeting in Brussels, the 17 euro zone finance chiefs added new conditions before Greece gets the group's approval to secure a new $172 billion bailout package.Chairman Jean-Claude Juncker said the Greek parliament must approve the current package of austerity measures on Sunday, Greece needs to reduce spending another $430 million this year to meet its deficit targets and, thirdly, Greek political leaders must assure the austerity measures implemented will remain in place after the April elections.Mr. Juncker says each requirement must be met before the finance ministers make a final decision, which could come at their meeting next Wednesday.
News On AIR | February 10, 2012 12:06 PM
Greek lawmakers reach accord on austerity measures