ATHENS, Greece - Representatives of Greece's creditors are to meet again with Prime Minister Lucas Papademos to press their demands for tougher austerity measures and private sector pay cuts.
At stake is a new €130 billion ($171 billion) bailout deal without which Greece will default before the end of March.
Following talks with the representatives of the so-called 'troika' — the European Commission, the European Central Bank and the International Monetary Fund — Papademos will meet with leaders of the three parties backing his coalition government. All have expressed reservations about the troika's proposals for wage cuts.
The government must also meet with representatives of banks to clinch a bond swap deal that will reduce Greece's debt by €100 billion ($131.6 billion).
