BUSINESS

Moscovici: Still work to be done for deal on Greek reforms next week

FRANCESCO GUARASCIO

TAGS: Economy

Talks between Greece and its European Union creditors are progressing but work is still needed to reach a technical deal on Greek reforms, the EU commissioner for economic affairs said on Thursday.

"The discussions continue, the positions are getting closer, but there is still work to be done," Pierre Moscovici told a news conference in Brussels.

He said he was confident a technical agreement on Greek reforms under the current 86 billion euro ($91.4 billion) bailout program is within reach.

This would allow eurozone finance ministers, who will gather in Brussels on Dec. 5 for a regular meeting, to start discussions also on "medium-term" measures to reduce the Greek debt after the end of the program, which will expire in 2018, Moscovici said.

[Reuters]
 

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