Moscovici: Creditor inspections to become less frequent and ‘lighter’

Three days after his visit to Athens was completed, European Economic and Monetary Affairs Commissioner Pierre Moscovici stated in Washington that the monitoring of Greece’s economy by its international creditors should become «lighter» and less «interventionist,» with inspectors visiting only twice a year.

He told a press conference that «we are emerging from the troika logic as it is, which the Greek people are no longer willing to tolerate.”

A European Commission report yesterday said Greece remains a risk for the eurozone periphery as its problems could prove contagious in the case of countries such as Spain, Portugal and Ireland.