Moscovici: EU Commission believes Greek debt relief deal is robust


The European Commission believes there is no reason for eurozone lenders to question the debt relief deal struck with Greece, Economic and Monetary Affairs Commissioner Pierre Moscovici said on Thursday, after they put the deal on hold.

Eurozone lenders put a short-term debt relief deal for Greece on hold on Wednesday after the Athens government proposed a one-off payout to pensioners.

Asked whether he agreed with the move, Moscovici said: "We think the decision taken on debt relief is robust, was taken on the basis of Greece's compliance with the first review, and therefore there is no reason to question it." [Reuters]