European Union demands further cuts in Greece
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►http://www.wsws.org/articles/2012/oct2012/gree-o05.shtml
By Christoph Dreier
5 October 2012
Last weekend, representatives of the troika—the European Central Bank (ECB), European Commission (EC) and the International Monetary Fund (IMF)—returned to Athens to discuss a third package of budget cuts with the Greek government.
Officially, the troika has the task of preparing a report on Greece’s budgetary situation for the European Union (EU) and IMF as the basis for agreeing to a further bank bailout to Greece’s creditors, amounting to €31.5 billion (US$41.6 billion).
