More cuts needed in Greece, says IMF

The Peterborough Evening Telegraph - - Uk&world Update -

GREECE has been warned it must carry out even more aus­ter­ity cuts if it is to re­duce its crip­pling debts. The In­ter­na­tional Mone­tary Fund’s top of­fi­cial in Greece said the govern­ment would not es­cape high bud­get deficits un­less it switched ef­forts to spend­ing cuts, ar­gu­ing that the coun­try’s tax­pay­ers had reached the limit. “There are no more low-hang­ing fruits,” Poulthom­sen told a fi­nan­cial con­fer­ence in Athens.

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