You are here: Home » PTI Stories » National » News
Business Standard

Greece 'ready to turn page' on crisis: EU official

AFP  |  Athens 

Greece is "finally ready to turn the page" on its financial crisis, commissioner and former French economy minister Pierre Moscovici said in remarks published today ahead of crunch meetings.

Moscovici is to hold talks tomorrow in Athens with Prime Minister Tsipras and in an interview with centre left newspaper Ethnos he said an agreement on reforms, budget targets and debt relief is "totally feasible" in "the coming days".



Greece must negotiate the package with its and International Monetary Fund creditors. The next meeting of Eurozone finance ministers is on December 5.

Moscovici, an commissioner for economic affairs, told Ethnos he would ask Tsipras to "encourage the government to do what is necessary".

"The conditions are adequate" to allow the Greek debt burden to be raised at next month's ministers meeting, Moscovici was quoted as saying.

He also expects a "lively discussion" on the question of any relaxation of austerity measures.

There were strikes in Greece last week against a new round of tax hikes and labour changes being considered by the government under the rescue deal. Civil servants, teachers, sailors and hospital doctors walked off the job.

members and the IMF want Greece to overhaul its labour legislation to make strikes less likely while making layoffs easier.

The government last week also tabled a new budget containing around a billion euros from extra taxation on items including cars, landline phones, subscription TV, fuel, tobacco, coffee and beer.

Public spending on salaries and pensions will also be cut by 5.7 billion euros (USD 6 billion) next year.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

Greece 'ready to turn page' on crisis: EU official

Greece is "finally ready to turn the page" on its financial crisis, EU commissioner and former French economy minister Pierre Moscovici said in remarks published today ahead of crunch meetings. Moscovici is to hold talks tomorrow in Athens with Prime Minister Alexis Tsipras and in an interview with centre left newspaper Ethnos he said an agreement on reforms, budget targets and debt relief is "totally feasible" in "the coming days". Greece must negotiate the package with its EU and International Monetary Fund creditors. The next meeting of Eurozone finance ministers is on December 5. Moscovici, an EU commissioner for economic affairs, told Ethnos he would ask Tsipras to "encourage the government to do what is necessary". "The conditions are adequate" to allow the Greek debt burden to be raised at next month's ministers meeting, Moscovici was quoted as saying. He also expects a "lively discussion" on the question of any relaxation of austerity measures. There were strikes in ... Greece is "finally ready to turn the page" on its financial crisis, commissioner and former French economy minister Pierre Moscovici said in remarks published today ahead of crunch meetings.

Moscovici is to hold talks tomorrow in Athens with Prime Minister Tsipras and in an interview with centre left newspaper Ethnos he said an agreement on reforms, budget targets and debt relief is "totally feasible" in "the coming days".

Greece must negotiate the package with its and International Monetary Fund creditors. The next meeting of Eurozone finance ministers is on December 5.

Moscovici, an commissioner for economic affairs, told Ethnos he would ask Tsipras to "encourage the government to do what is necessary".

"The conditions are adequate" to allow the Greek debt burden to be raised at next month's ministers meeting, Moscovici was quoted as saying.

He also expects a "lively discussion" on the question of any relaxation of austerity measures.

There were strikes in Greece last week against a new round of tax hikes and labour changes being considered by the government under the rescue deal. Civil servants, teachers, sailors and hospital doctors walked off the job.

members and the IMF want Greece to overhaul its labour legislation to make strikes less likely while making layoffs easier.

The government last week also tabled a new budget containing around a billion euros from extra taxation on items including cars, landline phones, subscription TV, fuel, tobacco, coffee and beer.

Public spending on salaries and pensions will also be cut by 5.7 billion euros (USD 6 billion) next year.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Greece 'ready to turn page' on crisis: EU official

Greece is "finally ready to turn the page" on its financial crisis, commissioner and former French economy minister Pierre Moscovici said in remarks published today ahead of crunch meetings.

Moscovici is to hold talks tomorrow in Athens with Prime Minister Tsipras and in an interview with centre left newspaper Ethnos he said an agreement on reforms, budget targets and debt relief is "totally feasible" in "the coming days".

Greece must negotiate the package with its and International Monetary Fund creditors. The next meeting of Eurozone finance ministers is on December 5.

Moscovici, an commissioner for economic affairs, told Ethnos he would ask Tsipras to "encourage the government to do what is necessary".

"The conditions are adequate" to allow the Greek debt burden to be raised at next month's ministers meeting, Moscovici was quoted as saying.

He also expects a "lively discussion" on the question of any relaxation of austerity measures.

There were strikes in Greece last week against a new round of tax hikes and labour changes being considered by the government under the rescue deal. Civil servants, teachers, sailors and hospital doctors walked off the job.

members and the IMF want Greece to overhaul its labour legislation to make strikes less likely while making layoffs easier.

The government last week also tabled a new budget containing around a billion euros from extra taxation on items including cars, landline phones, subscription TV, fuel, tobacco, coffee and beer.

Public spending on salaries and pensions will also be cut by 5.7 billion euros (USD 6 billion) next year.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard