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Greek Crisis Talks For Debt Deal To Get Under Way

Greek Prime Minister Lucas Papademos
Crisis talks on a debt deal for Greece among the three leaders of parties supporting the coalition government are set to continue after intense talks adjourned on February 5.

The three party leaders held a five-hour meeting with Prime Minister Lucas Papademos to reach a deal with debt inspectors representing eurozone countries and the International Monetary Fund (IMF) but failed to reach agreement.

An announcement from Papademos's office said the three had agreed on measures to cut spending in 2012 by 1.5 percent of gross domestic product.

But the three leaders -- Socialist George Papandreou, Antonis Samaras of conservative New Democracy, and Giorgos Karatzaferis of the rightist Popular Orthodox Rally -- differed as to what this would mean in detailed proposals.

Eurozone ministers were to meet on February 6 to finalize the bailout, Greece's second, but that meeting has now been canceled.

Compiled from agency reports