August 20, 2012 - 15:00 AMT
Greece seeks to finalize €11.5bn in spending cuts

Greece's finance officials are seeking to finalize €11.5 billion in spending cuts necessary for it to continue receiving the international funding that is protecting it from bankruptcy.

The Associated Press reports that Finance Minister Yannis Stournaras was meeting with his deputy ministers and Labor Minister Yannis Vroutsis Monday, August 20, to hammer out the measures ahead of a series of top-level meetings Prime Minister Antonis Samaras will have later in the week.

Luxembourg Prime Minister Jean-Claude Juncker, who chairs the eurozone finance ministers' meetings, heads to Athens Wednesday for talks with Samaras. The Greek prime minister then holds talks with German Chancellor Angela Merkel and French President Francois Hollande in visits to Berlin and Paris Friday and Saturday.