News Summary: Greek leaders back austerity outline
BROAD AGREEMENT: Parties in Greece's coalition government reached broad agreement on a major new austerity package demanded by the country's creditors. They are still negotiating over the fine print.
SAVINGS SOUGHT: The two-month-old government has been deliberating for weeks on how to save some €11.5 billion ($14.4 billion) in 2013 and 2014.
INSPECTORS' REPORT: The measures are key because if austerity inspectors from the European Union, IMF and European Central Bank find Greece has been falling back on its commitments and halts rescue loan installments, the country will run out of cash and faces leaving the eurozone, triggering further financial chaos across the 17 countries that use the common currency.
