Greece is prepared to turn to the IMF for help if its European neighbours fail to provide the financial assistance it wants after announcing the toughest spending cuts in decades.
George Papandreou, Greek prime minister, will on Friday tackle Germany's chancellor Angela Merkel during talks in Berlin before heading to Paris to meet Nicolas Sarkozy and then to Washington next week to see Barack Obama on an international mission to drum up support for the crisis-hit country, writes the FT. His government is braced for another wave of strikes after it imposed a freeze on pensions on Wednesday, further cuts in public sector pay and increases in value-added tax and duties on fuel, alcohol and cigarettes. Full story...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
