Greek Gov't denies new austerity measures
From a Greek news source:
Gov’t denies new austerity measures
“Despite of what is said the state budget is being executed within stated target. We are, safely, one billion euros below the initial target,” an announcement by the finance ministry stated on Friday, in reaction to a series of press reports claiming that additional austerity measures will be imposed, or that the European Commission, IMF and ECB “troika” have demanded cutbacks in private sector salaries.
In the announcement, the ministry stresses that the budget deficit fell by 39.7 percent, two percent more that the annual target.
Read why Budget Cuts Are Doomed to Fail, and How Austerity is Going
Read the original story at Israel’s Financial Expert
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