Greek leaders agree on fresh austerity measures

 ATHENS, Aug. 1 (Xinhua) -- The Greek three-party coalition¹ government leaders reached on Wednesday an agreement on the framework of a series of fresh austerity measures worth 11.5 billion euros (13.8 billion U.S. dollars) to secure further tranches of international bailout loans.

"Political leaders accepted the Premier's proposal for spending cuts which are a prerequisite² for the country's stay in the euro zone and further negotiations³ with lenders," Greek Finance Minister Yannis Stournaras said.

He made the statement following a meeting of conservative Prime Minister Antonis Samaras with socialist⁴ PASOK party leader Evangelos Venizelos and Democratic Left party chief Fotis Kouvelis.

The Greek official added that the measures, to be implemented⁵ over the next two years, would be finalized⁶ in coordination⁷ with international lenders by September. Efforts were being made so that the new cuts will have the smallest possible social impact on the most vulnerable groups of recession- hit Greeks, he added.

After a series of talks with visiting auditors⁸ of European Union and International Monetary⁹ Fund lenders in Athens over the past week, Samaras pushed his coalition partners for the deal on the savings¹⁰ demanded by creditors¹¹.

According to sources, he argued that it was a necessary step to secure a positive progress report from auditors which will ensure the release of further loans to Greece this autumn.

It was also reported that the deal will pave the ground for a review of some harsh terms of the bailout agreements clinched¹² since 2010 to keep the debt-ridden country afloat.

Venizelos and Kouvelis had expressed reservations that a new wave of austerity cuts would further fuel recession in the debt-stricken country. They suggested instead focus on an agreement with lenders on a two-year extension of the fiscal¹³ adjustment period to ease the pressure on Greek society.

However, creditors pressed for the new cuts to be introduced before agreeing on any renegotiation of conditions of bailout deals with Athens, since Greece has repeatedly missed time-tables on austerity and structural¹⁴ reform goals over the past two years.

In a statement after Wednesday's meeting, Venizelos said that he reluctantly agreed to the Premier's proposal for the sake of the country.

"We will not lead the country to elections," he stressed in an indication that failure to reach a deal could lead to a collapse¹⁵ of the coalition government which was formed in June, following two rounds of general elections in Greece.

Uncertainty¹⁶ is a luxury Greece cannot afford at the moment, local analysts¹⁷ warned, while officials from the Finance Ministry¹⁸ said the delay in the release of new bailout loans has put pressure on cash reserves this summer.

Without the further support of international lenders, Greece could go bankrupt as soon as the coming autumn and be driven out of the European common currency zone in a development which could hit more European economies and the international financial system.

1 coalition   

n.结合体，同盟，结合，联合

参考例句：

• The several parties formed a coalition.这几个政党组成了政治联盟。
• Coalition forces take great care to avoid civilian casualties.联盟军队竭尽全力避免造成平民伤亡。

2 prerequisite   

n.先决条件；adj.作为前提的，必备的

参考例句：

• Stability and unity are a prerequisite to the four modernizations.安定团结是实现四个现代化的前提。
• It is a prerequisite of entry to the profession that you pass the exams.做这一行的先决条件是要通过了有关的考试。

3 negotiations   

协商( negotiation的名词复数 )； 谈判； 完成（难事）； 通过

参考例句：

• negotiations for a durable peace 为持久和平而进行的谈判
• Negotiations have failed to establish any middle ground. 谈判未能达成任何妥协。

4 socialist   

n.社会主义者；adj.社会主义的

参考例句：

• China is a socialist country,and a developing country as well.中国是一个社会主义国家，也是一个发展中国家。
• His father was an ardent socialist.他父亲是一个热情的社会主义者。

5 implemented   

v.实现( implement的过去式和过去分词 )；执行；贯彻；使生效

参考例句：

• This agreement, if not implemented, is a mere scrap of paper. 这个协定如不执行只不过是一纸空文。 来自《现代汉英综合大词典》
• The economy is in danger of collapse unless far-reaching reforms are implemented. 如果不实施影响深远的改革，经济就面临崩溃的危险。 来自辞典例句

6 finalized   

vt.完成（finalize的过去式与过去分词形式）

参考例句：

• The draft of this article has been finalized [done]. 这篇文章已经定稿。 来自《现代汉英综合大词典》
• The draft was revised several times before it was finalized. 稿子几经删改才定下来。 来自《现代汉英综合大词典》

7 coordination   

n.协调，协作

参考例句：

• Gymnastics is a sport that requires a considerable level of coordination.体操是一项需要高协调性的运动。
• The perfect coordination of the dancers and singers added a rhythmic charm to the performance.舞蹈演员和歌手们配合得很好，使演出更具魅力。

8 auditors   

n.审计员，稽核员( auditor的名词复数 )；（大学课程的）旁听生

参考例句：

• The company has been in litigation with its previous auditors for a full year. 那家公司与前任审计员已打了整整一年的官司。
• a meeting to discuss the annual accounts and the auditors' report thereon 讨论年度报表及其审计报告的会议

9 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

10 savings   

n.存款，储蓄

参考例句：

• I can't afford the vacation,for it would eat up my savings.我度不起假，那样会把我的积蓄用光的。
• By this time he had used up all his savings.到这时，他的存款已全部用完。

11 creditors   

n.债权人，债主( creditor的名词复数 )

参考例句：

• They agreed to repay their creditors over a period of three years. 他们同意3年内向债主还清欠款。 来自《简明英汉词典》
• Creditors could obtain a writ for the arrest of their debtors. 债权人可以获得逮捕债务人的令状。 来自《简明英汉词典》

12 clinched   

v.（尤指两人）互相紧紧抱[扭]住( clinch的过去式和过去分词 )；解决（争端、交易），达成（协议）

参考例句：

• The two businessmen clinched the deal quickly. 两位生意人很快达成了协议。 来自《简明英汉词典》
• Evidently this information clinched the matter. 显然，这一消息使问题得以最终解决。 来自辞典例句

13 fiscal   

adj.财政的，会计的，国库的，国库岁入的

参考例句：

• The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
• The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。

14 structural   

adj.构造的，组织的，建筑（用）的

参考例句：

• The storm caused no structural damage.风暴没有造成建筑结构方面的破坏。
• The North American continent is made up of three great structural entities.北美大陆是由三个构造单元组成的。

15 collapse   

vi.累倒；昏倒；倒塌；塌陷

参考例句：

• The country's economy is on the verge of collapse.国家的经济已到了崩溃的边缘。
• The engineer made a complete diagnosis of the bridge's collapse.工程师对桥的倒塌做了一次彻底的调查分析。

16 uncertainty   

n.易变，靠不住，不确知，不确定的事物

参考例句：

• Her comments will add to the uncertainty of the situation.她的批评将会使局势更加不稳定。
• After six weeks of uncertainty,the strain was beginning to take its toll.6个星期的忐忑不安后，压力开始产生影响了。

17 analysts   

分析家，化验员( analyst的名词复数 )

参考例句：

• City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
• I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。

18 ministry   

n.(政府的)部；牧师

参考例句：

• They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
• We probed the Air Ministry statements.我们调查了空军部的记录。