Cyprus Mail
Greece

Greece, eurozone can still reach a deal – EU’s Moscovici (Updated)

EU Economics Commissioner Pierre Moscovici

An agreement between Greece and its eurozone partners is still possible, EU Economics Commissioner Pierre Moscovici told Britain’s BBC radio on Wednesday, adding that the future of the currency bloc was at stake in the talks.

Euro zone members have given Greece until the end of the week to come up with fresh proposals in return for loans that will keep the country from crashing out of Europe’s currency bloc.

“Today, although difficult, very difficult, an agreement is still possible and more necessary than ever,” he said. “Grexit would be a terrible failure, a collective mistake and we are fighting to avoid it.”

Moscovici said the bloc was still waiting to see a set of “comprehensive, credible, complete, tangible set of reforms” from Greece, but that he believed the Greek government remained committed to staying in the euro zone.

Moscovici, a former French finance minster, said it was important for Paris and Berlin to act together to convince Greek Prime Minister Alexis Tsipras to deliver a workable proposal.

“We are certainly in a historical moment where the future of the eurozone is at stake,” he said. “We need to be conscious of that and to act at a level of responsibility which is as important.”



Related posts

Wildlife groups pressure Big Pharma to curb crab blood addiction

Trump tells U.S. governors to crack down on violent protests

WHO pushes to keep ties with “generous” U.S. despite Trump’s exit move

Bolsonaro tries to rein in backers as protests shake Brazil

Greek hotels reopen to an uncertain future

Reuters News Service

Gilead says remdesivir helped moderate Covid-19 patients improve

Reuters News Service

2 comments

Comments are closed.