Greece Won’t Need New Budget Cuts After Depa Blow, Samaras Says

Greek Prime Minister Antonis Samaras denied more austerity measures will be needed because of the government’s failure to attract any bids for its gas monopoly.

A new tender for the sale of Depa will be issued and the country’s asset-sales program will continue as planned, Samaras told reporters in Athens today. Any suggestions the government will introduce budget cuts to compensate for shortfalls in its revenue target from asset sales are “ridiculous,” he said.