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Tags: EU | Greece | Economy

EU Urges Greece to Step up Reforms to Get Debt Relief

EU Urges Greece to Step up Reforms to Get Debt Relief

Thursday, 28 February 2019 12:39 PM

ATHENS, Greece (AP) — The European Union's top finance official says the Greek government can step up its reforms to qualify for a large debt relief payout in 10 days.

Finance Commissioner Pierre Moscovici visited Athens a day after the European Commission said Greece had fallen behind on at least six major reforms. Eurozone finance ministers will meet on March 11 and decide whether to grant Greece a debt relief package worth nearly 1 billion euros ($1.1 billion).

Moscovici met Prime Minister Alexis Tsipras Thursday and said discussions concentrated on two main issues: long-delayed plans to privatize coal-fired power stations and overhaul a protection scheme for insolvent mortgage holders so banks could reduce their huge stock of soured loans.

Moscovici said overcoming those delays was "doable" before the March 11 meeting.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
The European Union's top finance official says the Greek government can step up its reforms to qualify for a large debt relief payout in 10 days.Finance Commissioner Pierre Moscovici visited Athens a day after the European Commission said Greece had fallen behind on at...
EU,Greece,Economy
130
2019-39-28
Thursday, 28 February 2019 12:39 PM
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