Moscovici: Greece needs front-loaded debt relief measures, not precautionary credit line

13 June 2018
563 Views

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

Enjoy the traditional Greek loukoumades
GREECE
shares34 views
GREECE
shares34 views

Enjoy the traditional Greek loukoumades

Panos - Dec 06, 2019

According to Greek tradition, Loukoumades are made over the Christmas period and served on special Feast Days, as during the…

800 Ancient Roman amphorae confirm 6th AD shipwreck off Akrotiri-Dreamers Bay in Cyprus
GREECE
shares26 views
GREECE
shares26 views

800 Ancient Roman amphorae confirm 6th AD shipwreck off Akrotiri-Dreamers Bay in Cyprus

Panos - Dec 06, 2019

The discovery of 800 Roman amphorae dating to the end of the 6th or the 7th century AD and scattered…

The Greek island teacher who goes to school by dinghy
GREECE
shares37 views
GREECE
shares37 views

The Greek island teacher who goes to school by dinghy

Panos - Dec 06, 2019

When 27-year-old Despina Anthoulaki applied last summer for the position of substitute teacher, she could not imagine that this year…

Leave a Comment

Your email address will not be published.