NEWS

PASOK will not back fresh fiscal measures, Venizelos tells troika officials

PASOK, member of Greece’s three-party coalition, will not back any new fiscal measures its leader said Thursday.

In a meeting with troika officials in Athens Thursday, Evangelos Venizelos said if the targets of the Greek program are not met, then growth-inducing measures should be introduced instead.

The socialist leader also presented a 1 billion-euro plan to deal with rampant unemployment in the debt-wracked country. The program could be financed with European Union structural funds, Venizelos said.

Greece’s jobless rate fell in December for the first time since a crippling recession began five years ago, official figures showed Thursday.