Greece: Govt will cut spending but no new taxes

ATHENS, Greece (AP) — Greece will cut spending further but it won't impose new taxes, its finance minister said Monday, adding that talks with international debt inspectors on a second rescue package were at a "difficult and critical" stage.

Finance Minister Evangelos Venizelos said spoke after meeting in Athens with officials from the European Commission, the European Central Bank and the International Monetary Fund on how to keep his debt-strapped nation afloat.

"It's not a question of whether we can impose more taxes — we cannot. It is not a question of whether we must cut spending more — we must," Venizelos said. "There is much more to be done."

Greeks have already …