FX.co ★ Greece introduces new draft budget without troika's approval

The Greek government introduced the draft budget for the next year to the parliament of the country without the Troika's approval – three main creditors: the European Central bank, the European Commission and the International Monetary Fund.
Troika demands that the Greek authorities cut the spending by another €2.5 billion. However, the Greek government headed by Prime Minister Antonis Samaras is categorically against such additional measures.
The ECB, European Commission and IMF consider that the next year budget has a hole of €2 billion. Greece denies it and says that the economic growth improvement and a new system of tax levy will lead to the increase in the budget revenue.