Greece told to speed up austerity measures

Commission publishes report on Greek growth as Italy downgrades its growth targets.

The European Commission has urged Greece to speed up privatisations and public-sector modernisation in order to restore economic growth. As the eurozone’s re-awakened debt crisis this week threatened both Spain and Italy, José Manuel Barroso, the president of the European Commission, presented a report entitled ‘Growth for Greece’ to the European Parliament. He told MEPs yesterday (18 April) that the measures were vital to “help Greece to move from a vicious to virtuous cycle”.

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