BUSINESS

Moscovici sees Athens a step closer to bailout funds

TAGS: EU

EU Economic Affairs Commissioner Pierre Moscovici on Monday hailed a new batch of Greek austerity measures as “key” to unlocking bailout funds.

“A key step has been taken... toward the conclusion of the first stage of the Greek program,” Moscovici said in Paris, a day after Greek lawmakers voted in favor of spending cuts and tax hikes.

[AFP]

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