EU Economic Affairs Commissioner urges Greece to introduce new measures to cut deficit

Xinhua Beijing, March 2, according to Hong Kong "star Island Daily Network" reported that March 1, the European Union's economic affairs commissioner visit to Greece, Ryan urged Greece to take further measures to tighten spending and reduce the fiscal deficit.　　Papaconstantinou, the Greek finance minister, said the government would take all actions, including the introduction of new measures, to achieve this year's deficit reduction targets.　　On March 1, the European Union's economic affairs commissioner, Ryan, arrived in Athens to meet with Greek Prime Minister George Papandreou and other senior officials to further pressure the Greek government to announce new measures to cut government spending in the next few days.　　The Greek finance minister, Papaconstantinou, said after the meeting that the Government was willing to take all actions, including measures, to achieve the target of reducing the fiscal deficit to 4% per cent of GDP by the end of this year, but had not announced any specific measures.　　Analysts said the Greek government has not pledged to take further austerity measures, nor will the EU provide emergency financial assistance to Greece. Earlier reports said Germany and France were considering buying Greek government bonds through state-owned banks in the form of a joint bailout of Greece, about € 30 billion. However, German Chancellor Angela Merkel denies the news that the EU Treaty does not provide emergency aid to other countries, and that Greece should do its part to tighten government spending.