Pierre Moscovici Optimistic on Deal Between Greece and Creditors

    tsipras-moscoEuropean Commissioner for Economic and Financial Affairs Pierre Moscovici met with Greek Prime Minister Alexis Tsipras at the Maximos Mansion in Athens on Tuesday evening, to discuss Greece’s progress in the implementation of the three-year 86 billion euro bailout that was agreed to in August.

    Following their meeting, Moscovici noted that deliberations on potential debt relief for Greece will begin after the adoption of the bailout’s prior actions as well as after the completion of the Greek bailout’s first review.

    Moscovici, who is on an official two-day visit to Athens, noted that Greece is on the right track and expressed his optimism on an agreement between the Greek government and its international creditors. The two sides have yet to bridge their disagreements regarding VAT on private education and foreclosures of first homes.

    The Greek parliament will vote on the second list of bailout prior actions on Thursday. A Eurogroup meeting will convene on November 9 to discuss these prior actions, with the Greek government hoping the Eurozone’s finance ministers will greenlight the provision of two billion euros of bailout funds.