The European Commission on Tuesday welcomed the announcement by the Greek government of additional measures towards cutting the country's fiscal deficit to 7.5 pct of GDP this year, along with measures to speed-up a privatisations programme.
Amadeu Altafaj, a spokesman for EU Economic Affairs Commissioner Olli Rehn, expressed the Commission’s satisfaction, saying the Greek government offered significant and detailed elements of its programme, confirming authorities' determination.

He insisted, however, on the need to promote a privatisations programme immediately, and stressed that a detailed assessment of measures announced by the government would be made after the completion of an EC-ECB-IMF troika visit to Athens.

Speaking during a regular press briefing here, Altafaj said the Commission will discuss with Greek authorities a plan to set up a state agency with the task of monitoring the course of the privatization programme. The EU spokesman categorically dismissed speculation that measures announced by the Greek government were inadequate.