July 7, 2010
EU Report: Greece "on track"
Brief report (from AP) from the European Union Executive giving official approval to Greek efforts:
"...Greece is "broadly on track" with budget cuts and economic reforms linked to euro110 billion ($138 billion) in bailout loans from EU nations and the International Monetary Fund.
A Wednesday report by the EU says Greek efforts are "positive" but warned there a number of areas where Greece could run into trouble.
It says inflation is "markedly higher" than the government expects, partly because there is little market competition and major suppliers are easily able to pass on indirect tax increases to customers."
Greece's Golden Visa program
