Focus on reforms as Moscovici visits
The government is to shift its attention to the next set of reforms that it needs to legislate to unlock further rescue funding this week, with a visit by European Economic and Monetary Affairs Commissioner Pierre Moscovici today expected to underline the expectations of Greece’s creditors.
Moscovici is to meet with Prime Minister Alexis Tsipras, Finance Minister Euclid Tsakalotos, Economy Minister Giorgos Stathakis and Labor Minister Giorgos Katrougalos to assess Greece’s progress in preparing for labor reforms, the further overhaul of the non-performing loans market and fiscal belt-tightening. The next tranche of bailout funding is worth 2.8 billion euros.
In an interview with MNI news agency ahead of his visit to Athens, Moscovici said talks “will have to be swift, irrespective of the situation in Britain,” referring to the fallout of the British EU referendum result.