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Exclusive: More austerity needed in Greece: EU/IMF

By: Yossel in GREECE | Recommend this post (0)
Tue, 13 Mar 12 8:57 PM | 367 view(s)
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Exclusive: More austerity needed in Greece: EU/IMF

A worker cleans paint thrown by anti-austerity protesters at the facade of the Bank of Greece in central Athens March 6, 2012.

BRUSSELS (Reuters) - Greece will have to slash a further 5.5 percent of GDP in government spending in 2013 and 2014 to meet agreed fiscal targets underpinning the second international bailout for Athens, a European Commission report said.


Credit: Reuters/Yannis Behrakis

Jan Strupczewski

BRUSSELS
Tue Mar 13, 2012 9:12am EDT

link-
http://www.reuters.com/article/2012/03/13/us-eurozone-greece-austerity-idUSBRE82C0KP20120313




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