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Tag Archives: Moscovici

Populist Alliance has EU leadership paralyzed in its Brussels bubble

Italy’s far-right Deputy Prime Minister Matteo Salvini and French populist Marie LePen met in Rome on Monday to seal a unholy alliance: they declared that they are the anti-establishment movement within the European Union. Salvini slammed the European Union for budget restrictions and austerity, the migration crisis as well as …

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“Liar! Crook! Sycophant!” Greece’s political leaders duel over homme fatal Moscovici

Greece’s prime minister, Alexis Tsipras, and main opposition leader, Kyriakos Mitsotakis from conservative New Democracy, exchanged “French” for the sake of  homme fatal, the EU Commissioner, Pierre Moscovici, during a Plenary debate about Greek economy  on Thursday. Reason for the verbal  duel between the prime minister and the main opposition …

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Moscovici: Greece firmly stands on its own feet, can return to the markets

EU Commissioner for Economic and Financial Affairs, Pierre Moscovici, said that Greece firmly stands by its own feet after the Eurogroup decision on June 21 and that the post-bailout surveillance will help the country to return to the markets. During his 2-day visit in Greece, Moscovici delivered a speech at …

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Greece has completed all 88 prior actions, EU compliance report says

Greece has completed all prior actions needed to conclude the fourth and final review of the Greek programme, according to a compliance report posted by the Directorate General for Economic and Financial Affairs on Wednesday. This opens up the path for approving the disbursement of the final tranche of loans …

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Lots of wishes but no solution for Greece’s debt at the Eurogroup meeting

Lots of wishes but no substantial results or even a breakthrough. The Eurogroup on Thursday discussed “Greece” but as the was no debt agreement between Germany and the International Monetary Fund in the Washington group meeting that preceded the European, the eurozone ministers wish Greece good luck and turned to …

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Eurogroup towards a comprehensive agreement of Greece’s exit in June

“The goal is to have a comprehensive agreement for Greece’s exit from the programme at the Eurogroup meeting in June, Eurogroup President Mario Centeno said on Friday after an informal meeting of euro area finance ministers in Sofia. Speaking to reporters, the Eurogroup’s President said that the heads of the …

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IMF-WB meetings rule out extension of Greek program, says Moscovici

The IMF and World Bank Spring Meeting have put an end to speculation about a possible extension of Greece’s third financial assistance programme, European Commissioner for Economic and Financial Affairs Pierre Moscovici said on Tuesday in an interview with Agence Europe. The French Commissioner said he was in favor of …

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Moscovici says “No more bailout agreement for Greece,” just post-program monitoring

“No more memoranda for Greece,” European Commissioner for Economic and Financial Affairs, Taxation and Customs, Pierre Moscovici said in an interview with the European Progressive Forum. “Greece will become, in economic terms, a normal European country once again.” Moscovisi stressed adding however, that “Greece’s economic policies will be monitored through the …

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EU Commission proposes creation of European Monetary Fund by 2019

The European Commission unveiled its vision of a rebooted eurozone, including the creation of a European version of the IMF. The European Monetary Fund should be created by 2019. The European Commission unveiled its vision of a rebooted eurozone on Wednesday, including the creation of a European version of the …

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A Eurogroup without whining about a Greek ‘something’ is half the joy…

As if we did not have enough trouble with the oil spill, a long-time-not-seen Eurogroup meeting took place in Tallinn, Estonia, today. Greece’s lenders came together to catch up with the struggling country. Top on the agenda was the implementation of the Greek program and the third review. Eurogroup head …

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Moscovici describes the Greek program as a “democratic scandal”

European Commissioner for Monetary and Financial  Affairs Pierre Moscovici described  the Greek program of fiscal adjustment as a ‘democratic scandal’. In an interview to Italian newspaper Corriere dela Sera, Pierre Moscovici replied to a journalist question: “Why do you say that the program for Greece is a “democratic scandal”? “It …

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Commission to soon recommend end of excessive deficit procedure for Greece

The European Commission will recommend that Greece is removed from the excessive deficit procedure (EDP), European Commissioner for Economic and Financial Affairs Pierre Moscovici said on Wednesday. Moscovici, amongst Athens’ most vocal supporters on the European stage, referred to impressive efforts to keep deficits down and post memorandum-mandated primary budget …

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EU cuts Greece growth forecast, blames the country for review delay

The European Union has sharply cut the growth forecast for Greece on Thursday, sparking worries that the long delay in the second review of the third bailout program was damaging the economy. European lenders are in a row the International Monetary Fund over the sustainability of the Greek debt. The …

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Eight suspicious parcels found in post office, two addressed to Djsselbloem and Moscovici

Eight more suspicious parcels, believed to contain explosives, were found and seized at the assorting center of the Greek Post Service (ELTA) in Kryoneri in northern Attica.  The packages indicate as recipients officials in various European countries. First two names of recipients leaked to the press are the names of …

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