Greece is under pressure to drum up the nearly €12 billion in cuts for the next two years to appease its lenders, who have put the latest tranche of aid to avert a Greek bankruptcy on hold.
The austerity package will be ready next week to be presented to the Troika, Greece's finance minister Yannis Stournaras said.
"There is political agreement on the package," Mr Stournaras said after leaders of the three parties in Greece's ruling coalition huddled together to discuss the plan. "The package will be sealed next week and presented to the troika."
EU officials have already acknowledged the country is way off-track in meeting the terms of its bailout, but European leaders are eager to avoid letting it slide to a chaotic default and euro zone exit that drags down much bigger economies like Spain and Italy.
Read more: Greece cuts deal will 'be sealed by next week' - country's finance minister - RTÉ News
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