Commissioner Moscovici hopes for agreement at Eurogroup meeting on June 15

European Commissioner for Economic and Financial Affairs Pierre Moscovici expressed the hope on Tuesday that an agreement on Greece will be reached at the Eurogroup on June 15.

In reply to a question of European Parliament government vice president Dimitris Papadimoulis, Moscovici said that Greece needs to meet more than 140 “ambitious” prior actions in the framework of the second programme review and stressed that we are “on the right track.”

He added that there are certain issues that need to be solved before the decision on the debt. The Commission, he noted, will try to play the role of a sincere mediator so that a final agreement on Greece is reached at the following Eurogroup.

As to when Greece will exit the excessive deficit procedure, Moscovici underlined the country’s positive economic performance, saying that Greece has exceeded its goals and expressed the belief that this “positive performance” would continue and in the next year. “This is good news,” he said adding that the negotiations on the conclusion of the second review continue and are focused on the fiscal course that Greece needs to follow.

At the last Eurogroup, significant progress was reached but a final agreement was not eventually reached, he noted. He expressed confidence, however, that this will happen at the next Eurogroup on June 15.