Moscovici: The review of Greece’s economy comes before talk of debt




EU Economics and Monetary Affairs Commissioner Pierre Moscovici met with Greek Prime Minister Alexis Tsipras on his two-day visit to Athens on Tuesday and Wednesday.

Following the meeting, he expressed the intent of Greece’s EU partners to collaborate with Greece so as to construct a climate of “trust” that is vital when drawing development to Greece. Leaving Maximos Mansion he stated that the EU is on Greece’s side.

Moscovici and Tsipras discussed a number of issues, including the recapitalization of Greek banks and the issue of non-performing (so-called “red”) loans, but he refrained from delving deeper into what had been said. The EU commissioner sufficed to said that the a necessary condition for the installment of the next tranche would be for the Greek government to meet its pledge of prior actions.

Regarding debt, Moscovici said that the first review is a priority before the matter of Greek debt is considered. He said however that it is “viable and realistic.”

Following his meeting with Tsipras, Moscovici met with Finance Minister Euclid Tsakalotos and Alternate Finance Minister George Chouliarakis. On Wednesday he will meet with Labor Minister George Katrougalos.

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