*BREAKING* Greek government has agreed to austerity

The coalition government in Athens has agreed after several hours of discussions on the new 11.5 billion euros comprehensive savings program.
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Aug. 1, 2012 - PRLog -- "The Greek government is (the donor troika) to make a proposal for the 11.5 million Euros cost-cutting program," said Fotis Kouvelis, head of the smallest party coalition government of Athens, the Democratic Left, on Wednesday evening in the Greek television. This was preceded by a meeting of conservative Prime Minister Antonis Samaras with Kouvelis and the chairman of the ruling coalition socialists, Evangelos Venizelos. Details of the savings program called Kouvelis not. For weeks the party leaders have argued about the reporting requirements of the funders of Greece additional savings. Several times it was announced an approximation. From this savings program and other reforms in the country broke threatened € depends on how the report of the so-called troika of international donors from EU, European Central Bank (ECB) and International Monetary Fund (IMF) fails. The experts are currently examining the donors in Athens the books. Greece desperately needed additional help to avoid a possible bankruptcy. According to Kouvelis to give the three ruling parties "every effort" to ensure there would be "no additional burden on the weaker sections of the population." Even Socialist leader Venizelos erkärte, he was willing - albeit with reservations - to approve the savings package. He explained his decision, Prime Minister Samaras insist only lead to defeat the package in the way, and then to negotiate with donors a temporal extension of the requirements. Venizelos urged the Troika as soon as possible to give the green light for further assistance. Time is short, because Greece out of money. The state coffers are almost empty. Because Athens is advised in his savings obligations because of the parliamentary elections in the spring behind that block the disbursement of donor troika aid. The decision of the inspectors will be announced in September. If the report is negative, then the money supply could be turned off for Greece. Then the country would be bankrupt in September....
Source:Associated Foreign Press
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