ATHENS — Greece offered to make painful spending cuts and hike taxes Thursday in a final gambit to win one more bailout from Europe before the country descends into bankruptcy.
This debt-laden country is seeking at least 50 billion euros ($55 billion) over the next three years, according to government officials who spoke on the condition of anonymity to discuss the sensitive negotiations. In return, it laid out a blueprint of austerity measures that the officials said total between 12 billion and 13 billion euros ($13 billion to $14 billion) — significantly more than Greece’s previous commitments.
The move brings Greece one step closer to a deal with its European creditors, who plan to make a final decision Sunday about whether to throw this Mediterranean nation a lifeline or watch it slide out of the common euro currency. And after more than five fitful months of negotiations, the bar for reaching an agreement is high.
Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!
We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.