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.
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