Monday, June 27, 2011

Greek bank governor hits at cuts

 Greece's central bank governor has lashed out at the socialist government's latest austerity measures ahead of this week's critical parliamentary vote on a four-year austerity package.

George Provopoulos warned that pressure on Greek taxpayers had reached its limits with last week's announcement of €5.6bn ($7.8bn) of additional measures to plug a gaping hole in the €28bn program of spending cuts and tax increases.

Financial Times