IMF Envoy Says Across-the-Board Fiscal Cuts Not Needed

IMF Envoy Says Across-the-Board Fiscal Cuts Not Needed

Greece needs to find further savings to meet its fiscal bailout targets but can avoid unpopular across-the-board spending cuts, the IMF's envoy for the country said in an interview with newspaper Kathimerini, as quoted by the Athens News Agency-Macedonian Press Agency. 
"Greece will have to adopt new austerity measures in the period 2014-2016, which however would not be horizontal but targeted, so as not to burden the most vulnerable sections of the population," Poul Thomsen said, as quoted by the news agency.
"Greece will have to adopt new austerity measures in the period 2014-2016, which however would not be horizontal but targeted, so as not to burden the most vulnerable sections of the population," Poul Thomsen said, as quoted by the news agency.

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