Tuesday, October 15, 2013

Greece needs additional cuts: ECB official


A top European Central Bank (ECB) official says recession-ravaged Greece needs to impose additional austerity measures, including cuts in spending, to help reduce the public deficit and meet the targets set by its international creditors.

In a Monday statement, ECB executive board member Jorg Asmussen, also said that “First and foremost [it] is important that [Greece] will close the significant fiscal gap that is there for next year.” .... http://www.presstv.ir