• Спецпроекты
  • Weather forecast
    • Exchange Rates
    • 424.37
    • 499.91
    • 5.75
  • SEND YOUR NEWS TO US WhatsApp +7 (777) 001 44 99
  1. Main
  2. Learn
  3. Economy
  4. Finance

Moscovici confident of 'compromise' with Greece on remaining reforms 04 ноября 2015, 15:48

The EU's economic affairs commissioner, Pierre Moscovici, voiced confidence that Greece would reach a "compromise" with its creditors by the end of the week on remaining reforms demanded under its third bailout.
  • ПОДЕЛИТЬСЯ
  • Vkontakte
  • Facebook
  • Twitter
  • Одноклассники
  • Telegram
Новостью поделились: человек

Moscovici confident of 'compromise' with Greece on remaining reforms Moscovici confident of 'compromise' with Greece on remaining reforms

The EU's economic affairs commissioner, Pierre Moscovici, voiced confidence Tuesday that Greece would reach a "compromise" with its creditors by the end of the week on remaining reforms demanded under its third bailout, AFP reports.

Speaking at a press conference in Athens after talks with Prime Minister Alexis Tsipras and Finance Minister Euclid Tsakalotos, the commissioner said there were "three or four issues" still on the table.

"With the spirit of compromise, I believe that we'll find a compromise by the end of the week, in order that the Eurogroup (meeting of eurozone finance ministers) on November 9th will be a success," Moscovici said.

Greece in July accepted a three-year, 86-billion-euro ($96-billion) EU  bailout that saved Athens from crashing out of the eurozone, but came with strict conditions.

Among the areas of disagreement four months later are lenders' demands that Athens implement measures to facilitate home loan foreclosures. 

The Greek government insists on maintaining a shield for more vulnerable households.

The two sides have also been sparring over Greece's mechanism for dealing with bad loans -- an important factor in shoring up the country's beleaguered banks -- and over the EU's demands for a 23-per-cent VAT rate on private education.

Tsakalotos said the remaining issues were important for Greece because they had "social repercussions".

Moscovici acknowledged that the reforms demanded of Greece's leftist government were "not easy" and assured him the European Commission was "on your side".

"Progress has been made, a lot of work is going in the right direction," he said of the reforms already implemented by Tsipras's administration.

Greece received a first tranche of 13 billion euros in bailout funds in August.

It had been expecting the disbursement of another two billion euros in October but the eurozone withheld the funds until resolving the remaining sticking points in the bailout programme.

At their meeting on November 9 eurozone finance ministers will consider whether Greece has made sufficient concessions to receive the outstanding funds.

Athens' long-standing demand for a restructuring of its towering debt were also raised at the meeting between Moscovici, Tsipras and Tsakalotos.

Moscovici said that discussion could only begin in earnest, after the first review of Greece's bailout, slated for later this month.



Nobel prizewinner proposes a new city in KZ
New abnormal snowfalls expected in Kazakhstan
Huge glacier retreat triggered in 1940s
Hyperloop construction begins in Las Vegas
"Moonlight" to top Spirit Awards nominations
Oil prices fall due to investors uncertainty
New dwarf galaxy discovered around Milky Way
Kanat Islam becomes a top ten WBO boxer
World oil prices continue to rise
Kazakhstan expects warming - Kazhydromet
Merkel to seek fourth term as chancellor
Sale of Tintin drawings set to break records
US, EU stocks fall as markets focus on dollar
Pacific leaders urged to defend free trade
EU warns eight nations on budget deficit
Universiade-2017: Athletic Village is ready
Bob Dylan can't make Nobel ceremony
Messi will never leave Barca - club president
Google, Facebook take aim at 'fake' news
Aerosmith announces Europe 'farewell' tour
Putin, Trump to normalise US-Russia ties
At least 10 hurt in southern Turkey blast
6.2 quake hits western Japan