This site uses cookies. By accepting cookies you can optimise your browsing experience. Read more.
France: Moscovici touts impact of latest Greek debt relief talks02:03

France: Moscovici touts impact of latest Greek debt relief talks

France, Strasbourg
May 10, 2016 at 15:54 GMT +00:00 · Published

European Commissioner for Economic and Financial Affairs Pierre Moscovici addressed MEPs at the European Parliament plenary session in Strasbourg on Tuesday, following Monday's Eurogroup meeting on the Greek economy.

Moscovici said it was "one of the best" meetings so far with regards to the macroeconomic adjustment programme for Greece. He went on to outline what is currently taking place "especially the recapitalisation of four big banks" as well as "reform of the taxation system." He added that a strategy is needed to solve "the difficult question of non-performing loans" and in order agree "on the parameters of establishing a privatisation fund."

Eurozone finance ministers met on Monday in Brussels and agreed to grant Greece debt relief by providing longer grace periods and bond maturities as of 2018 under the precondition that country adopts all reforms agreed under its latest bailout.

Greece and its creditors now have until May 24 to reach an agreement that will see bailout funds unlocked and debt relief begin.

France: Moscovici touts impact of latest Greek debt relief talks02:03
Pool for subscribers only
No Account? Sign up!
Description

European Commissioner for Economic and Financial Affairs Pierre Moscovici addressed MEPs at the European Parliament plenary session in Strasbourg on Tuesday, following Monday's Eurogroup meeting on the Greek economy.

Moscovici said it was "one of the best" meetings so far with regards to the macroeconomic adjustment programme for Greece. He went on to outline what is currently taking place "especially the recapitalisation of four big banks" as well as "reform of the taxation system." He added that a strategy is needed to solve "the difficult question of non-performing loans" and in order agree "on the parameters of establishing a privatisation fund."

Eurozone finance ministers met on Monday in Brussels and agreed to grant Greece debt relief by providing longer grace periods and bond maturities as of 2018 under the precondition that country adopts all reforms agreed under its latest bailout.

Greece and its creditors now have until May 24 to reach an agreement that will see bailout funds unlocked and debt relief begin.

Top downloads in last 24 hours
04:20
Russia: Navalny supporters detained at rally in St. PetersburgRussia: Navalny supporters detained at rally in St. Petersburg
January 23, 2021 at 19:33 GMT +00:00
02:49
China: Wuhan residents reflect on one-year anniversary of COVID lockdownChina: Wuhan residents reflect on one-year anniversary of COVID lockdown
January 23, 2021 at 18:26 GMT +00:00
03:29
Germany: Around 2,000 march in Berlin to protest Navalny's arrestGermany: Around 2,000 march in Berlin to protest Navalny's arrest
January 23, 2021 at 21:18 GMT +00:00
03:37
USA: Protesters rally outside Russian embassy in DC to demand Navalny's releaseUSA: Protesters rally outside Russian embassy in DC to demand Navalny's release
January 23, 2021 at 22:52 GMT +00:00
05:00
Russia: Moscow police detain Navalny supporters as thousands gather for unauthorised protestRussia: Moscow police detain Navalny supporters as thousands gather for unauthorised protest
January 23, 2021 at 15:58 GMT +00:00
02:21
Tunisia: Protests continue in Tunis as govt bans ralliesTunisia: Protests continue in Tunis as govt bans rallies
January 23, 2021 at 16:29 GMT +00:00
03:43
Russia: Police detain Navalny supporters at unauthorised rallies across countryRussia: Police detain Navalny supporters at unauthorised rallies across country
January 23, 2021 at 16:32 GMT +00:00
01:55
Rallies in support of Navalny take place in cities across EuropeRallies in support of Navalny take place in cities across Europe
January 23, 2021 at 20:45 GMT +00:00
01:09
USA: Protesters call for Navalny's release outside NY Russian ConsulateUSA: Protesters call for Navalny's release outside NY Russian Consulate
January 23, 2021 at 22:22 GMT +00:00
02:27
Russia: Navalny protest continues into the night as commission says 600 detained at Moscow rally Russia: Navalny protest continues into the night as commission says 600 detained at Moscow rally
January 23, 2021 at 20:05 GMT +00:00
04:48
Transformer! Nigerian builds full working car from scrap metalTransformer! Nigerian builds full working car from scrap metal
January 23, 2021 at 18:23 GMT +00:00
02:24
France: Protesters hit streets of Paris for rally against job lossesFrance: Protesters hit streets of Paris for rally against job losses
January 23, 2021 at 14:57 GMT +00:00
02:50
Spain: Thousands of COVID sceptics take to Madrid streetsSpain: Thousands of COVID sceptics take to Madrid streets
January 24, 2021 at 02:24 GMT +00:00
03:57
Netherlands: The Hague streets empty out as country introduces 1st curfew since WWIINetherlands: The Hague streets empty out as country introduces 1st curfew since WWII
January 24, 2021 at 01:42 GMT +00:00
02:27
Denmark: Protesters with torches march against COVID restrictions in CopenhagenDenmark: Protesters with torches march against COVID restrictions in Copenhagen
January 24, 2021 at 10:46 GMT +00:00
01:04
Netherlands: First curfew since WWII begins amid fears over COVID variantsNetherlands: First curfew since WWII begins amid fears over COVID variants
January 23, 2021 at 21:43 GMT +00:00
05:10
Japanese washi makers produce paper for Olympic certificates ahead of 2021 Tokyo GamesJapanese washi makers produce paper for Olympic certificates ahead of 2021 Tokyo Games
January 24, 2021 at 03:10 GMT +00:00
04:32
Indian tech-enthusiast comes up with 'anti-infiltration' boots for army useIndian tech-enthusiast comes up with 'anti-infiltration' boots for army use
January 24, 2021 at 06:42 GMT +00:00
03:27
Israel: Country expands vaccination campaign to teens aged 16-18Israel: Country expands vaccination campaign to teens aged 16-18
January 24, 2021 at 04:12 GMT +00:00
04:31
Eau de crypto! Croatian perfumer mines limited edition Bitcoin fragranceEau de crypto! Croatian perfumer mines limited edition Bitcoin fragrance
January 23, 2021 at 17:32 GMT +00:00
02:01
USA: Broadcast legend Larry King dies aged 87 *ARCHIVE* *PARTNER CONTENT*USA: Broadcast legend Larry King dies aged 87 *ARCHIVE* *PARTNER CONTENT*
January 24, 2021 at 00:17 GMT +00:00
03:19
Fisherman's best friend - cat accompanies owner on fishing trips in Russia’s Far East Fisherman's best friend - cat accompanies owner on fishing trips in Russia’s Far East
January 23, 2021 at 10:09 GMT +00:00
03:10
Argentina: Fans celebrate Defensa y Justicia's historic Copa Sudamericana title winArgentina: Fans celebrate Defensa y Justicia's historic Copa Sudamericana title win
January 24, 2021 at 05:32 GMT +00:00
View all videos