Greece's coalition government will delay a vote on major new austerity measures by another week, but warned Tuesday there would be financial "chaos" if a deal is not reached.
Finance Minister Yannis Stournaras told reporters that the austerity measures, worth $17.4 billion, would be submitted to parliament next week, as the three parties in government continue to disagree over new savings demanded by international bailout lenders.
Stournaras denied local media reports that the bill could be broken up to ease objections by a left-wing junior coalition partner.
Greece's bailout creditors want the austerity package passed if they are to hand over more loans that Greece needs to avoid bankruptcy.
Greece's conservative Prime Minister Antonis Samaras is at odds with the Democratic Left party, a coalition partner, which is threatening to vote against the new austerity measures unless labor reforms included in them are scrapped.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)