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You're reading: Greece looking for more cuts
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The debt-ridden country has
promised to slash €11.5 billion ($14.1 billion) off its 2013-14 budget
in order to continue receiving emergency rescue loans from other
eurozone countries and the International Monetary Fund.

“We are not there yet, we still have €3.5 billion to €4 billion to cover,” Finance Minister Yannis Stournaras said.

Debt
inspectors from the IMF, European Union and European Central Bank
concluded a new round of austerity negotiations in Athens at the
weekend, and are set to return in early September to finalize the latest
round of cuts.

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