CCTV.com - CNTV English - CCTV News

IMF: Delays of reforms stall economic recovery

12-15-2011 16:00 BJT

Watch Video

Play Video

The International Monetary Fund stepped-up pressure on Greece on Wednesday, saying promised reforms are running behind schedule in most areas. The IMF also added that delays are stalling recovery to an economy now in its fourth year of recession.

Poul Thomsen, deputy director of the IMF's European department said Athens could not rely on more tax increases and blunt across-the-board spending cuts, but needed to look at "taboos" that could include laying off more state workers.

He said Greece needs to consider more aggressively closing down redundant state enterprises and entities.

Officials from the "troika" of lenders made up of the IMF, European Union and European Central Bank have been in Athens since Monday, working on a new 130-billion euro bailout that Greece needs in order to stave off bankruptcy next year.

 

 

Editor:Liu Fang |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program