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IMF: Greece Needs "Additional Measures" To Cut Deficit

Bob Traa
Greece΄s government will need to take “additional measures” to meet its budget targets, a senior International Monetary Fund official said Monday, adding that the country must move ahead with cuts in its public sector.
Speaking at a business conference, Bob Traa, IMF Senior Representative for Greece, said the government must proceed with structural reforms and move quickly to close unnecessary state-linked organizations and further restrain the public-sector wage bill.
“Additional measures will need to be taken for the deficit to be reduced to sustainable levels,” Traa said.
His remarks come just hours before a teleconference call with a troika of IMF, European Commission and European Central Bank inspectors to assess Greece΄s progress in meeting its budget goals.
(source: Dow Jones)

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