Posted by greece - Yahoo! News Search Results on February 7th, 2012 at 08:10pm
The leaders of the three parties in Greece's coalition government are expected to sign off on tough new austerity measures on Feb. 7, including a controversial reduction in the minimum wage, in exchange for about $171 billion in new bailout loans. If the leaders sign, then a separate bond-swap deal with private creditors to cut Greek debt by at least 50% will also come through.