Wednesday 30 May 2012

"Insufficient Progress", European Commission Report on Greece

Bloomberg reports on the latest European Commission Report

“Greece will ... have to make substantial additional expenditure cuts in the coming months...Comprehensive international financial assistance can continue to be provided only if policy implementation improves.”
The commission cited “insufficient progress” by Greece in bolstering tax collection and improving public procurement and said the sale of state-owned assets has been “slower than planned.”

Reuters reports

Kathimerini

Full EC report

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