Moscovici: Greece ready to exit excessive deficit procedure

22 June 2017
1087 Views

The European Commission will recommend that Greece is removed from the excessive deficit procedure (EDP), European Commissioner for Economic and Financial Affairs Pierre Moscovici said on Wednesday.
Moscovici, amongst Athens’ most vocal supporters on the European stage, referred to impressive efforts to keep deficits down and post memorandum-mandated primary budget surplus targets.
He said the decision was stalled by last week’s Eurogroup meeting and the final approval of the second review of the ongoing Greek bailout program, which was achieved after more than a year of delay.
The French commissioner said the more-or-less expected decision will be made final in a matter of weeks.

You may be interested

How Productive is an Hour of Work (where is Greece)? (infographic)
GREECE
shares14 views
GREECE
shares14 views

How Productive is an Hour of Work (where is Greece)? (infographic)

Panos - Jun 17, 2021

Figures from the OECD reveal the countries in which the average hour of work contributes the most to GDP. As…

Biden’s blunder as he confuses Putin with Trump (video)
WORLD
shares20 views
WORLD
shares20 views

Biden’s blunder as he confuses Putin with Trump (video)

Panos - Jun 17, 2021

The American president Joe Biden’s blunder after the meeting with his Russian counterpart, Vladimir Putin, in Geneva has gone viral. It…

How the Hellenic Navy tricked a Turkish corvette trying to stop a live fire exercise (photos)
DEFENCE
shares26 views
DEFENCE
shares26 views

How the Hellenic Navy tricked a Turkish corvette trying to stop a live fire exercise (photos)

Panos - Jun 17, 2021

The Turkish corvette Baykoz, which had departed from the Aksaz Turkish Navy Base opposite of Rhodes and was sailing west…

Leave a Comment

Your email address will not be published.