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Financial News: IMF says Greece, Ireland and Portugal to continue fiscal restructuring

Δημοσίευση 28 Ιανουαρίου 2011, 08:24 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Financial News: IMF says Greece, Ireland and Portugal  to continue fiscal restructuring
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Greece, Ireland and Portugal will continue a significant forward-clinching fiscal restructuring they are currently implementing, the International Monetary Fund (IMF) said in a report published on Thursday.

Greece, Ireland and Portugal will continue a significant forward-clinching fiscal restructuring they are currently implementing, the International Monetary Fund (IMF) said in a report published on Thursday.

The IMF report stressed that these efforts will translate into significant improvements, reflecting mainly spending cuts, including wages and pensions in the public sector. The report also stressed that it expected “further progress in reducing the fiscal deficit in 2012” for all three countries, while it noted that large European economies would adopt a restrictive policy resulting to lower deficits.