eu greece seek debt deal by year end
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Commissioner Pierre Moscovici:

EU, Greece seek debt deal by year end

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice EU, Greece seek debt deal by year end

European Commissioner for Economic and Financial Affairs Pierre Moscovici
Athens - Arab Today

The European Union and Greece hope to reach a deal on the crisis-hit country's debt mountain by the end of the year, EU economic affairs chief Pierre Moscovici said on Monday.

"We need to reach a positive agreement involving the IMF by the end of the year," Moscovici told reporters after meetings with Greek Prime Minister Alexis Tsipras and Finance Minister Euclid Tsakalotos.

But the Frenchman stressed that any agreement would have to include the International Monetary Fund, which has so far refused to commit itself to the bailout Greece signed with the EU last year.

"It is in the interest of all parties that the IMF is fully on board," Moscovici said, noting that the global lender brought "credibility and visibility" to the rescue.

The IMF has said it won't give a penny to the latest bailout -- Greece's third since 2010 -- until it sees a concrete plan from the Europeans to cut substantially Greece's massive debt burden.

The IMF and EU creditors disagree on just how much Athens can improve its finances through ongoing reforms.

Europe insists that Greece will be able to achieve a 3.5 percent primary budget surplus, which excludes debt servicing, within a few years but the IMF says a 1.5 percent surplus is the best that can be expected.

Moscovici on Monday said "complacency" could delay or negate the benefit of the reforms.

An upcoming review of the Greek bailout in the autumn will include bad bank loans and a labour relations overhaul likely to cause social unrest.

"We need to enter a new phase of cooperation and trust...there must be coherence on what has been decided," Moscovici said.

Greece's economy is expected to exit recession after the second half of 2016, he said.

Source: AFP

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

eu greece seek debt deal by year end eu greece seek debt deal by year end

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

eu greece seek debt deal by year end eu greece seek debt deal by year end

 



GMT 11:03 2018 Tuesday ,23 January

No end to eyesores at Taj Mahal

GMT 10:18 2018 Thursday ,30 August

Iran incapable of closing Hormuz, Bab Al Mandeb

GMT 05:04 2024 Tuesday ,06 February

Skincare PR Performance Full Year 2017

GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 10:08 2018 Wednesday ,24 January

Microsoft to open 4 data centres

GMT 05:17 2024 Wednesday ,07 February

Amazon to open first cashierless shop

GMT 19:57 2018 Tuesday ,23 January

Farm-fresh from Kerala to the UAE, in just one day

GMT 12:10 2016 Monday ,30 May

French Open braced for washout

GMT 22:24 2018 Monday ,08 January

Police arrest Israeli organ smuggling 'mastermind'

GMT 08:05 2017 Monday ,16 October

Cabinet Affairs Minister receives Iraqi ambassador

GMT 23:05 2017 Thursday ,25 May

Sharjah body calls for intensified

GMT 10:52 2015 Wednesday ,25 March

Sheikha Manal to host Art Exhibition

GMT 00:36 2017 Sunday ,19 March

World’s fastest free Wi-Fi at Dubai Airports

GMT 04:15 2011 Tuesday ,15 November

McGowan in Dolce&Gabbana dress
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice