by Bill McBride on 2/05/2012 03:06:00 PM
Sunday, February 05, 2012
From the Athens News: Lengthy and difficult negotiations
A five-hour meeting between prime minister Lucas Papademos and the leaders of the three parties supporting the government ended without agreement on Sunday.More from the Financial Times: Deadlock for Greek austerity talks
Pasok leader George Papandreou, main opposition New Democracy party leader Antonis Samaras and Popular Orthodox Rally (Laos) party leader George Karatzaferis failed to reach agreement with Papademos concerning the demands of the EU-IMF troika for private-sector wage cuts, further pension cuts, large-scale firing of public-sector staff and major downsizing of the public sector.
Main opposition New Democracy leader Antonis Samaras made no statements as he left the meeting but indicated the deadlock reached during the meeting during a brief statement to television cameras when he returned to ND's headquarters.
"For the first time, a negotiation is taking place. The country cannot stand more recession. I am fighting with every means to prevent this," he said, confirming that the negotiations will continue on Monday.
• Summary for Week ending February 3rd
• Schedule for Week of February 5th
Posted by Bill McBride on 2/05/2012 03:06:00 PM