Greece
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Moscovici

Moscovici Says Greek Sacrifices Now Bearing Fruit

Cuts in Greek pensions were not legal or even necessary, stated European Commissioner for Economic and Financial Affairs Pierre Moscovici on Tuesday. In his remarks to a meeting of the Eurogroup, he stressed that the ''Greek people's sacrifices are now...

'Greece has Returned to Growth' Says EU's Moscovici

Europe has come out of the Greek experience collectively stronger, said EU Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici ahead of Greece's exit from the bailout on Monday. In comments to the press, Moscovici said that...

'Vital Week' for Greek Economy Lies Ahead, Says EU's Moscovici

As Greece prepares for a critical eurozone finance ministers' meeting on Thursday, European Commissioner for Economic and Financial Affairs Pierre Moscovici has said a "vital week" lies ahead. In a series of tweets on Tuesday, the commissioner said "key developments" in...

EU's Moscovici Says Greek Deal Will be Struck at June 21 Eurogroup

European Commissioner Pierre Moscovici has said a final agreement covering Greece's post-programme period, surveillance and debt relief will be reached at the June 21 Eurogroup meeting. In an interview with the newspaper Kathimerini on Tuesday, Moscovici said: "I am certain...

Greece 'Won't Need Fourth Bailout'

A top EU official on Thursday said Greece would not need more emergency financing once its bailout program ends in August this year. European Commissioner for Economic and Financial Affairs Pierre Moscovici told reporters in Athens that there would not...

EC Calls for Eurozone Budget Spending for Growth but Germany Sticks to Austerity Mantra

The German Ministry of Finance rejected the request of the European Commission that called on Eurozone governments to move towards fiscal loosening in order to inject growth and development. Though Germany was urged to move further away from its...

EC Finance Chief Set to Visit Athens in November

Arriving for a Eurogroup meeting on Monday, European Commissioner for Economic and Financial Affairs Pierre Moscovici announced that he will visit Athens before the end of November, in order to "ensure that we have success in our collective discussions"...

MEPs Pen Letter to EU Economy Commissioner Pierre Moscovici

In response to an open letter calling for urgent measures to relieve Greece's debt, sent to European Commissioner for Economic and Monetary Affairs Pierre Moscovici by 36 European Parliament deputies, Greek MEP Dimitris Papadimoulis on Thursday commented that the...

Schaeuble Says Greece Needs 3d Bailout

German Finance Minister Wolfgang Schaeuble said on Aug. 20 during a campaign stop to help Chancellor Angela Merkel's re-election bid next month that two bailouts of $325 billion from international lenders to prop up Greece haven't worked and that...

While Anastasiades Fiddled, Money Fled Cyprus

Delays and indecision by newly-elected Cypriot President Nicos Anastasiades' government allowed a huge outflow of cash from the island's banks even though they were closed and limits were placed on most withdrawals, the news agency Reuters reported. In banknotes at...