Belfast Telegraph

Thursday 24 July 2014

Greece in crunch talks over emergency tax

Party leaders in Greece were in late night talks this evening
Party leaders in Greece were in late night talks this evening

Party leaders in Greece's coalition government are holding an emergency meeting to try to work out a compromise over an emergency tax - hours before rescue lenders are due to resume a debt inspection in Athens.

Conservative Prime Minister Antonis Samaras was in talks late today with two coalition partners who disagree with plans to extend a highly unpopular property tax levied on household electricity bills that was due to expire this year.

Greece's struggling economy has been relying on international bailout loans to stay afloat.

Debt inspectors from the European Union, European Central Bank and International Monetary Fund are due in Athens on Thursday to review the progress of budget-cutting measures required for future bailout installments.

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