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Greece May Need to Do More to Tackle Deficit, European Finance Chiefs Say
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European finance chiefs said Greece may have to step up its efforts to tackle a fiscal crisis that threatens to spread to other countries across the region.
The Greek government “is going to do all what is necessary” to reduce its budget shortfall, Spanish Finance Minister Elena Salgado told reporters today in Brussels before leading a meeting of European Union counterparts. While Greece’s deficit-cutting proposals “are a step in the right direction, we’ll have to see whether they’re enough,” Luxembourg’s Jean- Claude Juncker said late yesterday.
Greece last week presented its plan to push down a budget deficit that is still more than four times the EU limit of 3 percent of gross... Full Story |
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Submitted Jan 19, 2010 10:58am
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