Friday, 5 March 2010

Greece takes a step forward

The International Monetary Fund has welcomed "substantial"  fiscal measures announced by Greece on Wednesday and urged the authorities to develop and implement reforms to increase productivity and growth.
In a statement on Greece's earlier announcement of extra austerity measures to meet fiscal targets this year, the IMF said the fiscal program will be a "crucial step forward". "We stand ready to support the implementation of the authorities' plans by sharing our technical expertise in these matters," it added.

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