June 23, 2011 / 7:10 PM / 8 years ago

Greece seals deal with EU, IMF on austerity plan: sources

Prime ministers, Italy's Silvio Berlusconi (L), Greece's George Papandreou (C) and Britain's David Cameron chat at the start of an European Union leaders summit in Brussels June 23, 2011. REUTERS/Thierry Roge

ATHENS (Reuters) - Greece has won the consent of a team of EU-IMF inspectors for its new five-year austerity plan on Thursday after committing to an additional round of tax rises and spending cuts, sources with knowledge of the talks said.

“We have a deal,” said one of the sources.

Another source close to the negotiations said that a few remaining technical details would be finalized on Friday.

Finance Minister Evangelos Venizelos announced on Thursday Greece’s Socialist government would lower the minimum threshold for income tax to 8,000 euros a year, increase the tax on heating oil and impose a one-off solidarity levy on income of between 1 and 5 percent.

Reporting by Ingrid Melander; Editing by Daniel Flynn

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