Greece on track with fiscal measures

Greece is on track with its fiscal programme to slash deficits and debt and will not need more austerity measures as long as goals are being met, the country's finance minister has said.

Greece is scrambling to shore up its public finances and meet tough fiscal targets agreed with the IMF and its euro zone partners in exchange for a €110 billion (Dh489bn) emergency funding package to avoid default.

"Additional measures will not be needed as long as the programme is being implemented within the timetables" Finance Minister George Papaconstantinou said.