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EU official: Extra fiscal measures may be needed

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The European Commission official overseeing Greece's fiscal adjustment efforts says the nation may need to make deeper budget cuts or raise additional taxes in 2011 to make up for disappointing efforts to collect tax revenue.

 

Servaas Deroose was quoted by Real News, a Sunday newspaper in Greece, as saying: "The results of the effort to improve tax revenue and limit tax evasion are below expectations." (AP)

 

 

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