EU, IMF urges Greece to reduce more aggressively it budgetary deficit

Creditors from the EU and International Monetary Fund (IMF) required from Greece more aggressive approach for reducing its budgetary deficity. Moreover the government has exhausted its arsenal of measures for tax increases to great extend. And meanwhile the tax collectability is not increased significantly. Thus major means for reducing the budgetary deficit may become further cut in expenses of the public sector of economy.