February 8, 2018 / 2:34 PM / 8 months ago

Greece won't need fourth bailout, EU's Moscovici says

ATHENS (Reuters) - Greece will not need a new international aid program after its third bailout ends in August, the European Commissioner for Economic and Financial Affairs Pierre Moscovici said in Athens on Thursday.

Greek Prime Minister Alexis Tsipras meets with European Economic and Financial Affairs Commissioner Pierre Moscovici at the Maximos Mansion in Athens, Greece Feruary 8, 2017. REUTERS/Costas Baltas

“There won’t be a new program, there won’t be a fourth bailout or anything else,” Moscovici told reporters after meeting Prime Minister Alexis Tsipras.

Asked if measures to reduce Greece’s debt would be agreed by August, Moscovici said: “I think that in June there must be a comprehensive agreement as to how we will finally exit the program and how we can manage medium-term debt relief measures.”

Reporting by Angeliki Koutantou; Writing by Karolina Tagaris, editing by George Georgiopoulos

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