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Greece seeking to finalize 11.5 bln spending cuts

February 16. 2013 5:57PM
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(AP) Greece's finance officials are seeking to finalize 11.5 billion in spending cuts necessary for it to continue receiving the international funding that is protecting it from bankruptcy.

Finance Minister Yannis Stournaras was meeting with his deputy ministers and Labor Minister Yannis Vroutsis Monday to hammer out the measures ahead of a series of top-level meetings Prime Minister Antonis Samaras will have later in the week.

Luxembourg Prime Minister Jean-Claude Juncker, who chairs the eurozone finance ministers' meetings, heads to Athens Wednesday for talks with Samaras. The Greek prime minister then holds talks with German Chancellor Angela Merkel and French President Francois Hollande in visits to Berlin and Paris Friday and Saturday.

Associated Press

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