Greek officials struggle to reach consensus

Source: Bloomberg
Although PM Papademos and officials from three leading Greek parties have agreed on debt cuts corresponding to 1.5% of country's GDP, nation's leaders still are struggling on measures related to wage reductions, bank recapitalization, and pension fund reforms. Greece is due to pay EUR 14.5 billion of debt on March 20 and time for the country is running out, pointed out German Chancellor Merkel in her speech yesterday. Meanwhile the Greek labour unions are preparing for the general strike.
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