Greek cuts to be deeper than trailed
Dimitris Kontogiannis, FT.com
Updated 1:02 AM EDT,
Thu August 23, 2012
Total cuts will be higher than announced to compensate for tax-take losses and increased social security contributions
STORY HIGHLIGHTS
Greek government announces higher-than-expected public expenditure cuts
Greek government aiming for primary budget surplus of at least €3.6bn in 2013 and €9.5bn in 2014
Three-party governing coalition expected to survive next month's announcement on cuts
Coalition's cohesion will be severely tested if bailout program extension not approved
link-
http://www.cnn.com/2012/08/22/business/greek-financial-crisis-deep-cuts/index.html?hpt=hp_t2