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Greece outlines plan to ease bailout burden | Reuters

Greece wants tax cuts, extra help for the poor and unemployed, a freeze on public sector lay-offs and more time to cut its deficit under a plan likely to run into strong opposition at a European Union summit next week.

The new coalition government’s program, seen by Reuters on Saturday, reflected public pressure to ease the terms of a 130 billion euro ($163 billion) bailout saving Greece from bankruptcy but only at the cost of harsh economic suffering.

If implemented in full, the new program would undo many austerity measures the country agreed in February to clinch the bailout package, its second since 2010.

Euro zone partners have offered adjustments but no radical rewrite of the bailout conditions, with paymaster Germany particularly resistant to Greek calls for leniency.

via Greece outlines plan to ease bailout burden | Reuters.

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