Moscovici: Greece Needs a Balanced Package of Reforms and Growth Measures
Tuesday, 28 February 2017
The package of reforms agreed between Greece and the institutions over the coming days must be "balanced" and include measures to support growth, investments and social cohesion, European Commissioner for Economic and Financial Affairs Pierre Moscovici said in an exclusive statement to the Athens-Macedonian News Agency (ANA) on Monday.
These measures will be made specific over the coming weeks, he added, while stressing that "they must not act as a means to reverse already implemented important reforms."
Moscovici noted that measures ensuring Greece meets a primary surplus target of 3.5 pct of GDP in 2018 - which the Commission considers achievable based on its winter forecasts - must be appropriately complemented by measures to support the Greek economy in the long term.