1 Merkel suggests new bailout deal can change
2 Hold protests and strikes Greece (Greek swap scheme adds the report on the partnership reaches 90 per cent)
2 Hold protests and strikes Greece (Greek swap scheme adds the report on the partnership reaches 90 per cent)
ATHENS, Sept 28 (Reuters) - Greece's lenders sent a team to Athens on Wednesday to inspect a government austerity plan they want implemented in exchange for aid, while Germany suggested a new bailout may be renegotiated as debate raged over the size of losses bondholders should face.
Facing a wave of strikes and protests, Greece's Socialist government is accelerating its debt strategy to meet the terms of an International Monetary Fund and European Union rescue deal so it can receive a new loan next month and avoid bankruptcy.
The "troika" team of inspectors, which had threatened to cut off aid if Athens did not move faster, is expected to begin talks on Thursday on a plan demanded by lenders to deepen budget cuts and raise taxes, which has set off protests not seen since June when riot police fought running battles with activists.
for more information: http://www.reuters.com/article/2011/09/28/greece-idUSL5E7KS0AC20110928
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