Moscovici rules out loosening Greek budget target
European Commissioner for Economic Affairs Pierre Moscovici on Tuesday ruled out a relaxation of the Greek budget target in comments to the press ahead of a European Union summit in Brussels.
Responding to questions from Greek media over whether the Commission would consider a proposal to loosen the primary surplus target in 2018 to below the current rate of 3.5 percent of gross domestic product, Moscovici said that “no one wants to change the program and I don’t want to create new expectations.”
The International Monetary Fund has disputed this target as being too demanding.
The commissioner, however, appeared upbeat about Greece’s ability to meet its commitments after wrapping up a review of its bailout program and said he believes the country has “turned a new page.”
Moscovici is expected in Athens in the second half of July, where he will meet with Prime Minister Alexis Tsipras to discuss the terms of the third memorandum of understanding signed between Greece and its creditors, but also to meet with local lawmakers and business representatives.
You may be interested
Coronavirus Greece: 519 new cases, 321 intubated, 16 deathsPanos - Jun 18, 2021
Greece announced that the new laboratory-confirmed cases of coronavirus recorded in the last 24 hours are 519, of which 2…
Greece: Caroline was murdered by her husband!Panos - Jun 18, 2021
Charalambos Anagnostopoulos, the husband of 20-year-old Caroline Krauts, is according to the information available to the police her killer. The…
Covid measures: Playgrounds, amusement parks, therapeutic baths & massages to open – All the new datesPanos - Jun 18, 2021
The opening of outdoor playgrounds, amusement parks and therapeutic baths and massages from Saturday, June 19, is suggested by the…