Moscovici:Greece implemented in three years reforms that should have been implemented in last 15 yrs

27 April 2017
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Greece has implemented in the last three years structural reforms that should have been implemented in the last 15 years, EU Commissioner for Economic and Financial Affairs Pierre Moscovici said on Wednesday, speaking at a Belgian university on the effects of a member-state exiting the Eurozone.

He said that any country’s exit from the Eurozone would lead to disintegration, adding that Greece has made impressive fiscal progress which came at a cost for society. Concerning the country’s debt, Moscovici said debt measures should be implemented but rejected the idea of a haircut.

Commenting on the second round of France’s presidential election, he said nothing is certain, adding that even if Front National candidate Marine Le Pen loses but receives more than 40 percent of the vote, it would be a very negative message.

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