Venizelos asks troika officials to relax measures

New Finance Minister Evangelos Venizelos on Thursday met with visiting inspectors representing Greece’s international lenders to discuss the details of a fresh round of budget cuts aimed at tackling the eurozone country?s mammoth debt crisis.

Early reports said Venizelos asked officials representing the so-called troika – the European Union, the European Central Bank and the International Monetary Fund – to relax some of the requested budget measures.

The debt-ridden country?s international creditors have said that releasing the next chunk of aid to Athens depends on the Greek Parliament passing a new package of austerity measures.

Venizelos reportedly asked for a reduction of the imposed budget measures amounting to 28.4 billion euros, excluding privatizations, so that lower-income citizens could be exempted from an extraordinary «social tax.”

Meanwhile, Greek Prime Minister George Papandreou was meeting with eurozone leaders in Brussels, in a two-day summit that was expected to be overshadowed by Greece’s debt crisis and the protection of the eurozone.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.