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Greece debt relief deal 'doable' by year's end says EU's Moscovici

2016-11-29 8 Dailymotion

On a rainy day in Athens, it was a message to warm the heart of the Greek government.<br /><br /> Visiting European Commissioner for Economic Affairs Pierre Moscovici told a press conference on Tuesday that a deal on debt relief for the country is ‘doable’ by the end of the year.<br /><br /> Moscovici is reviewing Greek efforts to implement labour and pension reforms required under the country’s third bailout – which he says will be the last.<br /><br /> “We are not considering a fourth programme,” he told reporters at the EU’s offices in the Greek capital.<br /><br /> “We are in the third programme and three is a lot. What we would like is that programme to be a success so that there is an exit from the programme. That is clearly our target.”<br /><br /> Greece debt deal is ‘doable’ says top EU official https://t.co/77DDUaJ5js pic.twitter.com/96iYeidjEe— Yahoo Finance (@YahooFinance) 29 novembre 2016<br /><br /> With issues still to resolve, Monday’s meeting of Eurozone finance ministers may need to be followed up by an extraordinary session later in December.<br /><br /> Our correspondent in Athens, Stamatis Giannisis, says that on Monday the Greek government is hoping to, at least, secure a political decision for negotiations to continue. The prospect, however, of further austerity cuts is Athens biggest fear, should two of Greece’s major lenders – the IMF and Berlin – strike a deal demanding more measures.<br />

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