Moscovici: SLA an ‘encouraging message’ for swift conclusion of 3rd review

The staff-level agreement reached on Saturday in Athens is an “encouraging message” for a swift conclusion of the third programme review and the successful completion of the Greek programme, European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici said on Monday.

“At today’s Eurogroup I will inform the ministers about the staff-level agreement reached during the weekend in Athens,” said Moscovici. He noted that the agreement was reached after a series of “constructive talks” between the Greek authorities and all institutions, “including the IMF.”

“There is clear willingness for this review to proceed smoothly and effectively and to be completed in time, that is, to have a deal before Christmas,” the French Commissioner noted, adding that it is “very positive” that the Greek government intends to meet all the prior actions “as soon as possible.”

“The rapid progress made is a good indicator for the next steps and, of course, sends a positive signal to investors. Things are moving in a positive direction in Greece, so I think it is a very good day for Greece’s relations with the EU and for Greece itself,” he concluded.