The European Commission has said Greece's budget deficit plans are now on track, following the Greek government's announcement on Wednesday (3 March) of fresh austerity measures worth €4.8 billion.
"This announcement confirms the Greek government's commitment to take all necessary measures to deliver the [stability] programme's objectives," said commission president Jose Manuel Barroso in Brussels.
"Greece's ambitious programme to correct its fiscal imbalances is now on track," ...
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