Ray of Light: IMF Says Greece Deficit-Cutting Plan On-Track

Filed under: Good news, Financial Crisis

Thursday's good new data point comes from the International Monetary Fund, which said Greece's budget deficit reduction plan and economic overhaul appears to be on-track.



The IMF termed fiscal developments as "positive with central government revenue coming in closely as expected" and with expenditures under control.



The group also said pension reform has advanced and an agreement has been reached on many key parameters as outlined in the memorandum or understanding. Structural reforms are also progressing, including in the areas of local administration, privatization, labor market, and tax administration.

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Ray of Light: IMF Says Greece Deficit-Cutting Plan On-Track originally appeared on BloggingStocks on Thu, 17 Jun 2010 17:30:00 EST. Please see our terms for use of feeds.

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International Monetary Fund - Greece - Deficit - BloggingStocks - European Union

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