Eurogroup Must Strike a 'Balanced Compromise' on Greece's Debt, Moscovici Says
European Commissioner Pierre Moscovici called Thursday's Eurogroup "a decisive moment for Greece's future and a significant test for decision-making in the Eurozone."
In his statements on Monday he noted that the conclusion of the Greek programme will signal the end of the last chapter of the economic crisis in the eurozone.
Mosovici expressed the certainty that there will be an agreement that will send a positive message to the markets and the public. "We need a balanced compromise among all the parties involved that will ensure growth and a sustainable debt in the future. We need a credible agreement for the Greek citizens, European tax payers and the investors," he underlined, pointing out that Greece has met its commitments and it now appeared certain that the other member-states will also meet theirs. "This means agreeing on frontloaded measures that allow substantial relief of the Greek debt, which will be put on a sustainable course," Moscovici said.