Second review must be completed ‘as soon as possible,’ Moscovici and Tsakalotos agree in Brussels

Greece’s Finance Minister Euclid Tsakalotos and European Commissioner for Economic and Financial Affairs Pierre Moscovici on Thursday expressed their shared desire for a swift conclusion of the second review of the Greek programme “as soon as possible” and in the best possible way, in a joint press conference held after their meeting in Brussels.

They reported having a “constructive discussion both on the substance and process of the second review,” with Tsakalotos noting that “we are at a good point, heading in the right direction.”

All sides were seeking a solution and no one was creating a problem, he added.

Tsakalotos said that the various sides were very close to finding an overall solution, while noting the difficulty created by the large number of “actors” involved and many issues up for discussion, combined with upcoming elections in several European countries.

Asked whether a completion of the second review within January is possible, Tsakalotos said he could not know whether the review will be completed in January or later but there was agreement that the sooner it was completed, the better.

Moscovici noted the European Commission’s view that a lot had been done recently to ensure the “real success” of the Greek programme. Regarding the second review, he said that some issues remained open, which he had discussed with Tsakalotos, and expressed hope that this can be quickly completed.