EC: The negotiations between the institutions and Greece will have a substantial outcome by April 24

The European Commission expects that the negotiations between the institutions and the Greek authorities will have a substantial outcome by April 24, EU Commission spokesperson Margaritis Schinas said on Tuesday in Brussels.

He reiterated that the negotiations between the institutions and the Greek authorities are underway noting that the discussions concern all the issues related to the Greek programme and are along the lines of the Eurogroup announcement of February 20. He stressed that the Commission hopes that by the next meeting of the Eurozone finance ministers, which will take place on April 24 in Riga, Latvia, this negotiation will have a substantial outcome. ¨

He declined to make any comments on the statements by Poul Thomsen, director of the IMF’s European department, over Greece or on the country’s cash reserves, saying that the Commission has repeatedly said it would not make any comments during a comprehensive negotiation.

“This fuss is not our concern; we are interested in the essence,” he said. His statements were echoed by EU Commissioner for Economic and Financial Affairs Pierre Moscovici, who addressed the European Parliament’s Economic and Monetary Affairs committee. Moscovici noted among others that the institutions expect the Greek side’s full reform list.