Greece Delayed Spending Cuts Provopoulos Tells Real News Paper

Bank of Greece (TELL) Governor George Provopoulos said structural reforms in Greece have to be pursued immediately and achieving a primary surplus would change market sentiment toward Greece, Real News newspaper said, citing an interview.

Provopoulos, who is also a member of the European Central Bank’s Governing Council, said Greece’s delays in cutting state spending has forced the country to adopt tax measures that deepen the recession, Athens-based Real News said.

To contact the reporter on this story: Natalie Weeks in Athens at nweeks2@bloomberg.net

To contact the editor responsible for this story: Maria Petrakis at mpetrakis@bloomberg.net

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