Friday, 2 December 2016

Still work to be done for deal on Greek reforms next week – EU’s Moscovici

In World Economy News 02/12/2016

Pierre Moscovici
Talks between Greece and its European Union creditors are progressing but work is still needed to reach a technical deal on Greek reforms, the EU commissioner for economic affairs said on Thursday.
“The discussions continue, the positions are getting closer, but there is still work to be done,” Pierre Moscovici told a news conference in Brussels.
He said he was confident a technical agreement on Greek reforms under the current 86 billion euro (72.37 billion pound) bailout programme is within reach.
This would allow euro zone finance ministers, who will gather in Brussels on Dec. 5 for a regular meeting, to start discussions also on “medium-term” measures to reduce the Greek debt after the end of the programme, which will expire in 2018, Moscovici said.

Source: Reuters (Reporting by Francesco Guarascio; editing by Philip Blenkinsop)