Officials: Inspectors to help Greece find cuts

AP News
Posted: Jul 29, 2012 10:42 AM
Officials: Inspectors to help Greece find cuts

ATHENS, Greece (AP) — Finance Ministry officials say international debt inspectors will help Greece prepare a package of spending cuts and other reforms so that it can keep getting billions in bailout funds crucial to its economy.

That means the inspectors won't be leaving at the end of July as originally expected.

The three officials requested anonymity Sunday because they were not authorized to speak on the record.

They told reporters that International Monetary Fund representative Poul Thomsen assured Finance Minister Yannis Stournaras on Friday that the inspectors would stay and that experts in their delegation would help Greece find places to cut spending and ways to boost revenue for a package worth euro14.5 billion ($17.9 billion).

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The inspectors are supposed to issue a report on Athens' progress in September.