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EU official warns time is running out as Greek party leaders fail to back new cutbacks


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Sifnos Greece 2010 – Cheronissos

Image by Archway Andres

EU official warns time is running out as Greek party leaders fail to back new cutbacks
ATHENS, Greece — The European Union’s top finance official urged political leaders in debt-ridden Greece to quickly agree on further austerity measures, but a new government bid to reach a consensus on that issue failed Friday. EU Monetary Affairs Commissioner Olli Rehn said cross-party talks in Athens must continue, despite the main opposition conservatives’ refusal to endorse more cutbacks …
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Sifnos Greece 2010 – Serifos

Image by Archway Andres

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