The EU’s economic and financial affairs commissioner Pierre Moscovici expressed his hope on Monday that the Eurogroup will approve the disbursement of an additional 2.8 billion euros to Greece, as he arrived for the meeting of Eurozone’s finance ministers in Luxembourg.
“I hope we will be able to decide the disbursement of the 2.8 billion euros because Greece has made a tremendous job to compete the milestones of the first review,” Moscovici told journalists. He said the Commission has submitted its report which says that the 15 milestones have been completed and the path to the disbursement of the sub-tranche should open.
The EU commissioner also said the approval of the loan tranche will open the way for the start of the second program review so that the institutions can examine measures for debt relief before the end of the year. He said all sides must make efforts to find a comprehensive agreement by the end of the year which, he said, is expect by the Greek people and the international community.
“We must restore investors’ trust to the country,” Moscovici noted, adding that all sides must work to turn Greece into a “success story”.
“If Greece assumes its responsibilities, then Europe must also assume its responsibilities and proceed on the debt issue,” he said.