Moscovici: “Tsakalotos proposal on primary surplus under consideration”

30 November 2016
66 Views

The European Commissioner for Economic and Monetary Affairs Pierre Moscovici expressed his belief that it is possible to complete the second bailout and enter talks on debt relief, in an interview on Skai.

Mr. Moscovici stated that the aim is not to increase austerity, but rather to continue with the necessary reforms to improve the economy and make it more competitive, attractive and reliable.

According to the European Commissioner, Greece’s partners are prepared to enter talks on the medium-term measures that may be implemented after or near the end of the bailout program short-term measures for the debt and then debate the budgetary path that needs to be followed.

Later on in his interview Mr. Moscovici stressed that the efforts of the Greek people are fruiting and that the can be a positive growth rate in 2016 and 2017. Nevertheless, the reforms must carry on, even if there is no austerity, in order to truly make the economy competitive.

Regarding Finance Minister Euclid Tsakalotos’ proposal, of reducing the primary surplus goals from 3.5% to 2.5% and using that 1% to slash taxes, the European Commission noted that it is under consideration. He was quick to add there must not be any rush to conclusions.

Finally, Mr. Moscovici reported that Prime Minister Alexis Tsipras is dedicated to his goals and is in good shape. He also stated that he did not get the impression that the PM is ignoring his duties or preparing for elections.

You may be interested

The full IMF programme for Greece
FINANCE
shares37 views
FINANCE
shares37 views

The full IMF programme for Greece

makis - Jul 21, 2017

The IMF published its new programme on Greece on Thursday, which was approved on principle by the organisation’s board of…

President Pavlopoulos extends support to Kos Mayor
POLITICS
shares44 views
POLITICS
shares44 views

President Pavlopoulos extends support to Kos Mayor

makis - Jul 21, 2017

The President of the Hellenic Republic, Prokopis Pavlopoulos expressed his deepest sorrow for the victims of the Kos earthquake in…

Kos earthquake: Turkish victim identified as Sinan Kurtoglu
GREECE
shares69 views
GREECE
shares69 views

Kos earthquake: Turkish victim identified as Sinan Kurtoglu

makis - Jul 21, 2017

The name of the Turkish national killed in the earthquake on the island of Kos is Sinan Kurtoglu. According to…

Leave a Comment

Your email address will not be published.