Moscovici: Greece needs front-loaded debt relief measures, not precautionary credit line
EU Commission Pierre Moscovici again expressed his confidence that all post-memorandum issues affecting the Greek program will be decided at a June 21 Eurogroup, adding that what Greece needs now is “front-loaded” debt relief measures.
At the same time, he also referred to an “enhanced supervision” for the thrice bailed out country after the current memorandum program ends in August 2018.
In an interview carried with the Athens daily “Kathimerini”, Moscovici, among the most vocal supporters of the Greek side during the memorandum era, repeated that there was no issue of a precautionary credit line being needed after the bailout ends, or moreover, the need for a fourth memorandum.
You may be interested
Rubikon storms the Embassy of Austria!makis - Aug 17, 2018
An invasion of the Embassy of Austria took place at noon on Friday by the anarchist group Rubicon. In a…
Germany: We have agreed with Athens on the return of immigrants to Greecemakis - Aug 17, 2018
On Friday afternoon the spokesman of the German Ministry of the Interior announced an agreement with the Greek government regarding…