Tag Archives: auserity measures

Greece: “No Additional Measures Needed”

The Greek finance minister has rebuked claims by the European Commission that the recently approved austerity plan may be inadequate.

Georgios Papaconstantinou said that taking additional action at this point would contravene the EU’s established processes and procedures, and it may send dangerous signals to the markets. Mr. Papaconstantinou further urged other Member States to elaborate on the specific details of how financial support might be provided to Greece.