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Greek coalition leaders fail to agree on crucial cuts


The leaders of the three parties in Greece's coalition government have failed to agree on a package of spending cuts worth 11.5 billion euro, which the Prime Minister says are crucial to restoring the country’s financial credibility.

On Sunday conservative Premier Antonis Samaras, socialist Evangelos Venizelos and Fotis Kouvelis of the Democratic Left, disagreed on cuts on pensions and wages and decided to meet again Wednesday.

Venizaelos and Kouvelis asked international creditors to give them more time to implement austerity measures, AP says.

"We haven't finished and there hasn't been a specific decision. One thing is certain, I'm pushing for the measures to be just and not uneven," Democratic Left’s Kouvelis told reporters.

"We cannot touch the disability benefits. We cannot make what we call horizontal cuts in pensions," Venizelos said.

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