Moscovici expects second bailout review to conclude in fall

The completion of the second bailout program review as soon as possible, within fall of 2016, is the joint goal of Greek authorities and the country’s creditors, argued the European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici.

Mr. Moscovici made the clarification in response to a question posed by the Vice President of European Parliament and SYRIZA MEP Dimitris Papadimoulis on the second bailout review and debt relief measures to be taken, based on the recent Eurogroup decision.

Furthermore, Mr. Moscovici explained that the European Commission will provide the necessary technical support to complete the review on time and that the European Stability Mechanism is currently working to improve Greece’s debt repayment profile and reduce the interest rate risk.